JP225

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Daily Market Comment – Strong China GDP can’t shake off virus blues, dollar firms

Posted on January 18, 2021 at 9:55 am GMT

Markets wrestle vaccine and stimulus optimism with worsening near-term gloom Upbeat Chinese GDP highlights global growth disparity as US retail sales sag Euro stuck in the doldrums, eyes Italian confidence votes China notches up positive full-year growth in 2020 As most major economies struggle under the weight of the pandemic, China is demonstrating to the world that a full recovery from the virus slump is possible. China’s gross domestic product (GDP) rose by an annual rate of 6.5% in the [..]

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Daily Market Comment – Familiar start to new year as dollar slips, stocks climb

Posted on January 4, 2021 at 10:00 am GMT

Trading in 2021 gets off to an optimistic start despite spiralling pandemic Dollar heads back towards 2½-year lows, bullish case for equities not over But plenty that can go wrong as Georgia runoffs, Electoral College count pose risks Cheery start to 2021 as markets pin hopes on vaccines The first trading day of the new year began pretty much how 2020 ended as investors chose to shrug off the worrying virus headlines to instead focus on the vaccine rollouts and [..]

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Technical Analysis – JP 225 index advances to a 30-year high; bias cautiously bullish

Posted on December 29, 2020 at 10:40 am GMT

Japan’s 225 stock index (cash) staged a stunning rally before the year end, accelerating above the tough 26,960 ceiling of the one-month old consolidation phase and towards a 30-year high of 27,690. The 28,000 – 28,500  psychological area will be closely watched in the short run as the RSI is flagging a bullish bias following the breach of a descending trendline. Yet, the indicator has already crossed above its 70 overbought mark, while the MACD could not surpass its red [..]

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Daily Market Comment – Trading starts to wind down, stocks at record highs, dollar dips

Posted on December 29, 2020 at 9:51 am GMT

Markets go quiet in thin holiday trading after US stimulus and Brexit hurdles cleared Pressure on the US Senate after House votes to increase stimulus checks Wall Street sets another record, Nikkei soars, London stocks play catch up Dollar on the backfoot again after rebound falters, pound pares losses Markets in holiday calm but stimulus drama may not be over Trading dwindled ahead of the New Year holiday amid thin liquidity as there was little reason for investors to stay [..]

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Technical Analysis – JP 225 index holds in ascending channel in short term

Posted on December 16, 2020 at 1:53 pm GMT

The JP 225 index attempted to break the upper border of the ascending channel at 26,950 several times in the past, but its efforts proved unsuccessful. Nevertheless, the positive market structure consisted of higher lows, while the short-term oscillators are also not yet in favor of the bears; the RSI is moving sideways above its 50 neutral mark and the MACD has stabilized its momentum in the positive area and is currently moving around its red signal line. However, the [..]

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Daily Market Comment – Stocks resume gains, dollar whipsaws as optimism returns

Posted on December 1, 2020 at 10:01 am GMT

Asian recovery gathers speed, pulling global stocks higher Dollar bounces higher, then falls as temporary growth jitters subside Powell offers no policy clues in prepared remarks as US data underwhelms Pound spikes above $1.34 as Brexit deal speculation heats up Recovery back on track, at least in Asia Strong manufacturing PMIs out of Asian powerhouses lifted the market mood on Tuesday, reversing some of the gloom that set in yesterday from soft US indicators. A quickening in the manufacturing revival [..]

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Technical Analysis – JP 225 index holds bullish tone despite pullback from all-time high

Posted on November 18, 2020 at 2:55 pm GMT

Japan 225 stock index’s (Cash) positive bias is ebbing from the recently unlocked all-time peak of 26,204. Yet, the aggressive upwards development from the beginning of September, off the 100-day simple moving average (SMA) and the Ichimoku cloud’s upper surface, maintains its positive backing. Despite the stalling in the blue Kijun-sen line, the rising red Tenkan-sen line and the advancing 50- and 100-day SMAs are promoting improvements in price. The short-term oscillators have yet to confirm dwindling positive momentum. The [..]

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Daily Market Comment – Vaccine optimism, upbeat data push stocks to new highs, dollar retreats

Posted on November 16, 2020 at 9:51 am GMT

Week gets off to positive start as vaccine, strong recovery and Biden victory drive optimism Global stocks surge as S&P 500 sets fresh record high, dollar extends slide Pound holds steady as Brexit talks enter critical phase Markets buoyed by vaccine progress and upbeat Asian data Rapid progress in the race for a COVID-19 vaccine more than offset the deepening gloom of the present virus reality as the latest wave shows no sign of waning. Expectations that last week’s breakthrough [..]

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Daily Market Comment – Post-election rally eases as Biden advances in swing states

Posted on November 6, 2020 at 10:00 am GMT

White House race remains too close to call but Biden win becoming more likely Equity rally cools as markets give Washington gridlock a thumbs up Dollar steadies with Treasury yields as Fed keeps policy on hold NFP up next but US election and record virus cases to stay in focus Biden inches towards victory in knife-edge election The US presidential election remains an open race as counting enters day four, though the odds appear to be moving in favour of [..]

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Daily Market Comment – Upbeat China PMI lifts mood but dollar holds firm

Posted on November 2, 2020 at 9:42 am GMT

Stocks edge up as Chinese manufacturing rebound gathers pace in October But dollar maintains gains as US election and Fed meeting lurk around the corner Pound slips as England back in lockdown, aussie down ahead of RBA Calm before the storm? Equities got off to a somewhat positive start on Monday as stronger-than-expected manufacturing PMI data out of China provided investors with some respite from the doom and gloom of the pandemic. A quickening in Chinese manufacturing activity in October [..]

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