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Real Time News
  • Another run higher in the USD to session highs (90.57), weekly high at 90.60 - AUD/USD testing 0.78 - USD/JPY printing fresh YTD highs
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/BH6Eka6RKG
  • 🇵🇱 GDP Growth Rate QoQ Final (Q4) Actual: -0.7% Expected: -0.7% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • 🇵🇱 GDP Growth Rate YoY Final (Q4) Actual: -2.8% Expected: -2.8% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.61%, while traders in GBP/JPY are at opposite extremes with 72.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/b3tuV7OapN
  • Heads Up:🇵🇱 GDP Growth Rate QoQ Final (Q4) due at 09:00 GMT (15min) Expected: -0.7% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇵🇱 GDP Growth Rate YoY Final (Q4) due at 09:00 GMT (15min) Expected: -2.8% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.45% Oil - US Crude: -0.87% Silver: -2.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/cXgU6a33I1
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/7BRNW3EIH4
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇨🇭CHF: 0.02% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.32% 🇦🇺AUD: -0.45% 🇬🇧GBP: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/M9jiOV7Box
Asian Stocks Fade Across Board As Markets Look to Trump-Xi Meet

Asian Stocks Fade Across Board As Markets Look to Trump-Xi Meet

David Cottle, Analyst

Asian Stocks, G20, US-China Trade War - Talking Points:

  • All major indexes slipped, with China’s under particular pressure
  • The approach of a meeting between President’s Trump and Xi is not inspiring confidence
  • The Dollar continued to slide with gold and the Swiss Franc bid.

Join our analysts for live, interactive coverage of all major economic data at the DailyFX Webinars. We’d love to have you along.

Asia Pacific stock indexes were all in the red Tuesday as investors looked with clear trepidation toward a meeting between Donald Trump and Xi Jinping at this week’s Group of 20 summit in Osaka.

China’s Commerce Ministry issued a statement saying that the country’s Vice Premier Liu He had had a call with US Treasury Secretary Mnuchin, discussing trade and agreeing to keep talking. This doesn’t seem to have been enough for equity investors, however.

The Nikkei 225 was down 0.5% in the middle of the Tokyo afternoon. Australia’s ASX 200 was down 0.1%. Losses were heavier in China with the Shanghai Composite off by 1.8% and the Hang Seng down 1.3%.

The US Dollar remained mired by the prospect of lower domestic interest rates, while perceived havens such the Swiss Franc and Gold both ticked higher. The New Zealand and Australian Dollars gained, with AUD/USD approaching its June highs.

The pair has also nudged above its short-term downtrend, even if it has yet to consolidate its position North of that line.

Australian Dollar Vs US Dollar, Daily Chart

Even if it can, the Aussie will still be very much within the downtrend channel which has held since early 2018, but recent commentary from the Reserve Bank of Australia has cast some doubt on the prospect of deep rate cuts.

Meanwhile NZD/USD also gained, despite the proximity of a monetary policy meeting of the Reserve Bank of New Zealand on Wednesday. The central bank is not expected to alter any of its settings this month, but it is expected to sound a dovish note for the near future.

Crude oil prices found initial support from tensions between the US and Iran, with the latter applying new sanctions on Monday. However, they did slip back through the Asian session.

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.

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