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
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
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
Gold
Mixed
GBP/USD
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
USD/JPY
Bearish
More View more
Real Time News
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/A517hC0JAG
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/jBFhVRWLyy
  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/u0HoA9tVvz
  • The #Euro may pay the price for the EU’s stance on its digital sovereignty while the US Dollar eyes closely-scrutinized US fiscal stimulus talks. Get your $EURUSD market update from @ZabelinDimitri here:https://t.co/Ga3DdHod7j https://t.co/Mfhb5iqLF6
  • The Indian Rupee struggled to benefit from an unexpected RBI rate hold as the Nifty 50 inched closer to invalidating a bearish reversal signal. What is the road ahead for USD/INR? Find out from @ddubrovskyFX here:https://t.co/Zjiay6hQWT https://t.co/TvedUlvwxd
  • While the balance sheet did not set higher highs US initial jobless claims fell to their lowest since the middle of March If you invert jobless claims, it set a higher high alongside #SP500 #FoodForThought ahead of the weekend, and have a good one! https://t.co/n6SaEdnpMi https://t.co/AKNYNlUa4l
  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/zuQMaDqScY
  • When is a 1.76 million jobs added to the US economy underwhelming? When it is still 12.88 million jobs from the pre-pandemic level and economists warn the subsequent gains are going to slow sharply... https://t.co/IUMBsiGYYC
  • The New Zealand Dollar may extend its surge from yearly lows as it tentatively signals a cyclical upturn. NZD/USD, NZD/JPY rates poised for further gains. Get your market update from @DanielGMoss here: https://t.co/vrOuFkvWpX https://t.co/wKbQNFAZbn
  • The US Dollar is testing key support levels against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah following persistent losses. Get your #ASEAN currencies market update from @ddubrovskyFX here: https://t.co/qqYDELqydd https://t.co/nh7SspnIzF
Asian Stocks Mixed With Chinese Inflation Weighing, US CPI Coming Up

Asian Stocks Mixed With Chinese Inflation Weighing, US CPI Coming Up

2019-06-12 04:57:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Equity indexes were mixed with Chinese bourses heavy
  • Japan and Australia managed modest gains
  • Inflation ticked up as expected in China but still gave investors pause

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

Asia Pacific stocks were mostly lower Wednesday with news that China’s inflation had hit 15-month peaks weighing on indexes there.

Consumer Prices’ rise was not unexpected but worries that Beijing will withdraw stimulus if prices they continue to gain is a well-worn worry. The data weighed on markets already slipping thanks to Wednesday’s Wall Street session which saw winning streaks snapped for Dow and Nasdaq.

The Nikkei 225 was down by 0.6%, with the Hang Seng off by 1.7%. Protests in Hong Kong against the application of Chinese extradition laws were ongoing. The Nikkei 225 managed very marginal gains despite falls for heavyweight soft bank. The ASX 200 added 0.2%, with rises in iron ore prices helping the mining sector.

Australia’s equity benchmark remains well within the uptrend channel which has dominated trade since February, however, and is still attempting to test the upper boundary on its daily chart.

ASX 200 Index, Daily Chart.

The index is not very far from a retest of its record peaks but in the current atmosphere of volatile risk appetite the climb may be a more arduous affair than its bare 300 points or so might suggest.

The US Dollar was barely moved against a basket of its major traded peers although market suspicions that lower US interest rates could be coming very soon continue to cap the market. The Chicago Mercantile Exchange’s ‘Fedwatch’ measure puts the chance of a rate cut in July close to 70%. The remainder of Wednesday’s session will bring official US Consumer Price Index figures which are expected to show a modest deceleration in pricing power for May.

The Australian Dollar slipped a little too. Domestic consumer confidence was found to have wilted this month with optimists only now outnumbering pessimists by a whisker in Westpac’s regular survey.

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.

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.