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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
Gold
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
Bullish
Bitcoin
Bearish
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.02%, while traders in France 40 are at opposite extremes with 79.87%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MsDN4XgJAR
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr https://t.co/soLloKxMYl
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.65% Gold: 0.51% Oil - US Crude: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/t2PxpO1HEm
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.16% 🇯🇵JPY: 0.13% 🇨🇦CAD: -0.02% 🇨🇭CHF: -0.06% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iI1uVqA6M3
  • Gold Price: Signals to Break the Deadlock - XAU/USD Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/xau-usd/2019/11/22/Gold-Price-Signal-to-Break-the-Deadlock-XAUUSD-Forecast-MK.html?CHID=9&QPID=917714 https://t.co/0pz8KRXUxG
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.21% Wall Street: 0.19% France 40: 0.14% Germany 30: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/b315HhEW59
  • Crptos getting really ugly...Bitcoin trades with a 6-handle... #btc #eth #bch #xrp @DailyFX Latest prices from @IGcom https://t.co/aRrOWqrklw
  • LIVE NOW! Currency Strategist @PaulRobinsonFX runs through his favorite charts and potential set-ups for the week ahead in the FX and CFDs market here - https://www.dailyfx.com/webinars/108721147?CHID=9&QPID=917720
  • Crypto prices from @IGcom #btc #eth #bch #xrp @DailyFX https://t.co/ccioeMTbb3
  • Bitcoin slump - Happening a bit quicker than I thought...Will we see a 6 handle today? #btc #bitocin @DailyFX https://www.dailyfx.com/forex/market_alert/2019/11/22/Bitcoin-BTC-Price-Analysis-Oversold-But-Bearish-Sentiment-Remains-.html
Stocks Mostly Down On Fed Minutes, Japan Data. NZD Pressured Too

Stocks Mostly Down On Fed Minutes, Japan Data. NZD Pressured Too

2019-08-22 04:48:00
David Cottle, Analyst
Share:

APAC Stocks, Talking Points:

  • Indexes were mixed with only the ASX conclusively in the green
  • Japanese manufacturing missed expectations again, while the Fed’s latest policy meeting minutes were parsed
  • The US Dollar was supported, its New Zealand counterpart not so much

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 stocks were mostly lower on Thursday as Japanese data disappointed and investors continued to worry that the US Federal Reserve might not be as disposed to monetary easing as many would like.

Australia’s ASX 200 was the only major market to buck the day’s losing trend. It had added 0.4% as its close lose buoyed up by crowd-pleasing results from Pro Medicus and the Coles Group. Elsewhere cheer was much harder to find.

Japanese equity struggled with news that the domestic manufacturing sector’s output had contracted for a fourth straight month in August. The Jibun Bank flash Purchasing Managers Index came in once again below the crucial 50 mark which separates expansion from contraction. It was 49.5, just a tick above July’s print.

The Nikkei 225 had been in the green, but it slipped back after the data to loiter around its opening level by the middle of the afternoon. Japan’s big manufacturers were resilient to the data but major electronics exporters like Sony sold off. The Shanghai Composite lost 0.2% while the Hang Seng shed 0.9%.

The minutes of the Federal Reserve’s last monetary policy meeting painted a rather balanced monetary picture. Rate-setters voted to cut borrowing costs on that occasion but agreed that the move should not be viewed as an indication that there was a ‘pre-set course’ for more reductions. However, they also fretted that a drawn-out trade confrontation between China and the US could threaten growth.

The US Dollar was supported, if modestly, perhaps by the Fed’s apparent caution over future rate cuts but also, probably, by general market torpor before this week’s central bankers’ Jackson Hole get-together. That starts on Thursday and runs on into the weekend. It initially ticked lower against the anti-risk Japanese Yen only to recover some composure later.

The New Zealand Dollar was very close to a new, three-year low against its US counterpart as investors remain pretty certain that its central bank, at least, remains in dovish frame of mind after this month’s shock, half-percentage-point rate cut.

New Zealand Dollar Vs US Dollar, Daily Chart

August 7’s intraday low point of 0.6377 looks like being broken on an intraday basis Thursday/

APAC 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.

DISCLOSURES

News & Analysis at your fingertips.