Overnight Trading

Overnight Trading

Trading on currencies that occurs between 9 pm and 8 am. Because there are so many exchanges (and indeed so many non-exchange trading platforms), currency trading is always happening, even when the local exchange is closed. Overnight trading affects exchange rates and can cause prices to rise or fall when the local exchange opens the next morning. See also: After-hours trading.
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The main Chinese share indexes have gained over 1% while S&P 500 futures are up in overnight trading, extending the 0.3% gain seen in regular trading on Wall Street yesterday.
dollar traded near the 99 yen line early Thursday morning in Tokyo, up slightly from its level in late overnight trading in New York, underpinned by a deal by U.S.
In overnight trading, it hit a high of $1.2416, its strongest level since late May.
The Euro traded lower against the US Dollar ahead of a report that is expected to show that the Euro Zone trade surplus shrank for the first time since May as the single currency approaches the 1.50 level against the US Dollar, threatening exporters and policymakers alike.Key Overnight Developments • Foreign Investors' NZ Bond Holdings Lowest in Five Months • Euro Slips, British Pound Plows Ahead in Overnight Trading Critical Levels The Euro tried higher in early overnight trading but lost momentum and looks to start European trading on a down note, ticking -0.1% lower against the US Dollar.
Wall Street saw its worse day in over eight months yesterday, with the S&P 500 closing with a 3.3% loss, and S&P 500 futures have extended lower by a further 1% in overnight trading with Asian markets hit hard.
In New York overnight trading, the dollar fell to briefly touch 97.50 yen, its lowest level in about a month, amid the growing possibility of a partial shutdown of the U.S.
German PPI, Euro Zone Current Account, and UK Public Borrowing figures are on tap ahead.Key Overnight Developments • Japan's Third-Largest Consumer Lender to Suspend Debt Payments • Hong Kong Monetary Authority Deputy Chief Says Mortgage Rates Too Low • Euro, British Pound Decline as Stock Losses Boost the US Dollar Critical Levels The Euro lost as much as -0.4% against the US Dollar, testing below the 1.47 level in overnight trading. The British Pound was weaker still, slipping as much as -0.6% against the greenback.
S&P 500 futures are up by 1.1% in overnight trading, a little off the highs but signalling a solid open of the regular session on Wall Street later.
dollar traded in the mid-97 yen range early Tuesday morning in Tokyo, maintaining its level from late overnight trading in New York.
Summary: The US Dollar extended losses in overnight trading as risk appetite improved after Chinese lending surged in August, soothing fears that the government...
The news broke after the Wall Street close yesterday, and has sent S&P 500 futures down over 1% in overnight trading, foreshadowing an sharp drop at the open of regular trading later today.
The dollar inherited upward momentum from overnight trading in New York where data released Monday showed growth in the New York manufacturing sector this month, reinforcing market players' upbeat assessment of the U.S.