We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.20% Gold: 0.59% Oil - US Crude: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/e1Q5eFMQOX
  • The Institute for Supply Management’s Non-Manufacturing Index rose to 57.1 for June, beating expectations of 50.1 and the best read since March.Get your market update from @FxWestwater here: https://t.co/m5lDzJJmT6 https://t.co/cnj3wTazVQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in US 500 are at opposite extremes with 70.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/O9cMvCfTen
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.75% US 500: 1.47% FTSE 100: -0.09% France 40: -0.11% Germany 30: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/EjhcyXhuGL
  • US Treasury Yields: 2-Year: 0.159% 3-Year: 0.189% 5-Year: 0.313% 7-Year: 0.518% 10-Year: 0.694% 30-Year: 1.459% $TNX
  • The US Dollar is trading on its back foot largely due to another strong start to the week from global equities. Get your #equities market update from @RichDvorakFX here:https://t.co/7WYjU9j3jO https://t.co/wdzDsQ9TjP
  • New Jersey virus transmission rate rises to highest level in 10 weeks at 1.03 - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.38%, while traders in US 500 are at opposite extremes with 71.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oflomnctpM
  • Since the stock market bottomed back in March, the S&P 500 has gone on to climb over 40%. Get your S&P500 market update from @FxWestwater here:https://t.co/2rOYnX36Hr https://t.co/CzKM8Tt5jh
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Oil - US Crude: 0.85% Gold: 0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TpRte3d88n
Asian Stocks Mixed Despite US Tailwind, Tokyo's Long Absence Starts

Asian Stocks Mixed Despite US Tailwind, Tokyo's Long Absence Starts

2019-04-29 05:02:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Asia Pacific equity put in a mixed performance
  • US growth provided an initial boost but it faded quite quickly
  • A log run of Japanese holidays is getting under way

Find out what retail foreign exchange investors make of your favorite currency’s chances right now at the DailyFX Sentiment Page

Asian stock markets endured a mixed Monday despite Wall Street’s bout of strength at the end of last week following better-than-expected US growth figures and some punch earnings reports.

The region was without usual bellwether Japan, with markets there closed until May 6 in a holiday break which sees the traditional ‘Golden Week’ celebration augmented by further days off to mark the abdication of Emperor Akahito which will take place on Tuesday.

Hong Kong’s Hang Seng caught the US tailwind and rose 0.7% as its close approached. Mainland markets struggled, with Shanghai down 0.1%- analysts are reportedly getting a little worried about stretched valuations there. Australia’s ASX 200 retreated modestly from last week’s eleven-year highs but seems to be largely retaining its composure into a week which will see the release of important domestic bank results.

Currency markets were even more obviously becalmed without Tokyo. Regional traders seemed highly reluctant to push matters too far without that city’s participation, especially during a week which will offer a monetary policy decision from the Federal Reserve and important US labor market statistics. The US Dollar was barely changed against a basket of major traded rivals.

USD/JPY remains, just, within the daily chart range derived from its former previous peaks, those of late February and early March.

US Dollar Vs Japanese Yen, Daily Chart

This pair is likely to be especially volatile until Japanese markets return to full-steam, and appears to be in the process of retesting that range base.

Crude oil prices slipped back after a Tweet from Donald Trump urging OPEC to increase production and offset the effects of sanctions against Iran. Gold prices rose to one week-highs last week on signs of softer US inflation but retreated a little through the Asian session.

Monday’s main scheduled economic data event is still to come in the form of March personal consumption and expenditure figures out of the US but they’re note quite alone on the schedule. The Dallas Federal Reserve’s manufacturing snapshot is also coming up, and the markets will also hear from Bank of England Governor Mark Carney. He’s due to speak in London.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.