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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • #2020election polls continue to show Democratic nominee Joe Biden maintaining a strong lead #Trump Supreme Court nomination may throw a wrench into bipartisan stimulus talks #AUDUSD is trading at former resistance-turned-support. What happens if it breaks?
  • USD/MXN pushes higher as a long-awaited correction in the US Dollar gets underway. Get your #currencies update from @HathornSabin here:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Join analyst @DavidJSong at 6:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EDT on DailyFX!
  • EUR/USD fell sharply last week and there are few signs yet that the selling is over. However, a bounce is likely before the decline resumes. Get your #currencies update from @MartinSEssex here:
  • The week ahead has many systemic issues that take control of the markets, but scheduled data is heavily skewed to the Dollar. Here is my video for the week ahead:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @PaulRobinsonFX here:
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here:
  • BoE’s Tenreyro says evidence on negative rates are “encouraging” Meanwhile, STOXX Europe Banks Index resides at all time lows
Asian Stocks Trade Mostly Higher In Narrow, Pre-Payrolls Session

Asian Stocks Trade Mostly Higher In Narrow, Pre-Payrolls Session

2019-07-05 05:14:00
David Cottle, Analyst

APAC Stocks Talking Points:

  • The major indexes were mostly higher, if not by very much
  • Lack of Wall St. impetus didn’t help, neither did the wait for key US jobs numbers
  • Foreign exchange markets were also waiting expectantly

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 markets endured a predictably subdued Friday, sandwiched as they were between the US Independence Day break and crucial labor market numbers, also from the US, due later in the day.

Still, Wall Street remains close to record peaks as investors anticipate looser monetary policy ahead, from the Federal Reserve and other developed market central banks. On Friday the Nikkei 225 was green, just, in the middle of the Tokyo afternoon, up 0.05%. The ASX 200 did better, rising 0.6%, while the Shanghai Composite was down by 0.1%.

Major currencies lacked new trading impetus as those US payrolls numbers loom. Analysts are looking for 160,000 more non-farm jobs and an unchanged unemployment rate of 3.6% in June. May’s rise of just 75,000 jobs shocked the market with its weakness compared to expectations of around 180,000 or so. That print saw bets rise on lower US interest rates.

Still, the US Dollar made very thin gains against the Japanese Yen through Friday.

US Dollar Vs Japanese Yen, Daily Chart

The pair remains capped by last week’s peak in the 108.51 region, which is also where it was stick for some time between late June and mid-July. Crude oil prices slipped a little further in the Asian session as investors worried about world growth prospects and likely demand for energy.

Gold prices pulled back after initially edging higher but still look set for a seventh straight weekly gain.

Asian Stocks 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.