Start Trading Now Get Started
Advertiser Disclosure
Advertiser Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Today: Asian Stocks Continue Rally

By Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

Stock markets in Asia continue to rise, as they have been doing since early April.

Top Forex Brokers

1
Get Started 74% of retail CFD accounts lose money Read Review
  1. It has been another good day for Asian stock markets, which are outperforming global and US stock markets with their almost month-long rise. The Chinese HSI is a notable gainer today. Although the price changes are not excessive, there are clearly bullish signs, which will be put to the test as crucial multi-week highs are approached.
  2. Bitcoin remains suppressed beneath the key resistance level at $95,206. We may eventually see a decisive bullish breakout, which could lead to a test of the record price made in December not far from $110,000.
  3. The Forex market has seen the US Dollar advance over the past day. Since today's Asian session open, the Euro has been the strongest major currency and the Australian Dollar the weakest one, although the numbers are probably too small to be significant. The EUR/USD currency pair remains in a long-term bullish trend and most analysts will see it that way as long as the price holds up above the key support level at $1.1241. The US Dollar has lost some ground so far today.
  4. It will probably be a quiet day in the markets today, as it was yesterday, but things will get more lively Wednesday with the US Federal Reserve's policy meeting.
  5. Yesterday's release of Swiss CPI (inflation) data was lower than expected, showing no month-on-month change when an increase of 0.2% was widely expected. The Swiss Franc barely reacted to the news.
  6. Yesterday's release of US ISM Services PMI data was higher than expected, reinforcing the case that the US economy might be doing better than the negative GDP number last week suggested.

Ready to trade our daily Forex news? We’ve made this forex brokers list for you to check out.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

Most Visited Forex Broker Reviews