Technical Analysis – Japan 225 stock index looking bullish short-term

Posted on October 4, 2016 at 7:40 am GMT

The Japanese stock index is looking positive in the short-term according to the Ichimoku analysis.  Following the steep drops in the first two months of the year, the index has traded broadly in a range between the 14775 and 17760 levels.  The more recent high was 17160 in early September. The current price is 16760, which is above the cloud and both the Tenkan-sen and Kijun-sen lines.  These are all positive indications.  If the Tenkan-sen line (red) manages to cross [..]


Week Ahead – UK post-Brexit data to be closely monitored; dollar to tune into Fed minutes

Posted on August 12, 2016 at 1:31 pm GMT

The British pound will likely experience some movement next week, as one of the first major batches of post-Brexit economic data will be released.  Elsewhere, the US inflation report, some Fed speakers and the Fed meeting minutes and Japanese GDP growth for the second quarter, will all be closely watched by market participants. The week will get off to a slow start, with the first important indicator coming out of Japan on Monday in the form of GDP for the [..]


Asian Session – Dollar rallies to just below 102 yen on risk-on after Abe election win

Posted on July 11, 2016 at 8:05 am GMT

The dollar was back above the 101 yen level on Monday after briefly dropping below 100 yen on Friday following the US jobs report. There was a mixed reaction to the stronger-than-expected non-farm payroll numbers as the dollar initially rose after the data but quickly slipped back as traders resolved that the jobs rebound is unlikely to convince the Fed to raise rates in the near term. However, improved risk sentiment helped Asian equities post strong gains on Monday, while [..]


Week Ahead – After Brexit, US and Japan data come in focus

Posted on June 24, 2016 at 2:04 pm GMT

Brexit developments will likely continue to dominate the coming week following the UK’s decision on Thursday to leave the European Union. However, upcoming data out of the US and Japan will be closely monitored as it could sway Fed and Bank of Japan policy. Spanish elections could bring more shocks to the Eurozone Hot on the heels of the UK’s leave vote, the EU could face more headache this weekend as Spain heads to the polls for the second time [..]


Week Ahead – Key week for dollar with payrolls in focus; ECB meeting also eyed

Posted on May 27, 2016 at 1:19 pm GMT

It will be a busy week for US data and the dollar in the next seven days as a number of key indicators are expected including the all-important NFP report at the end of the week. The euro will also come into focus as the European Central Bank holds its scheduled policy meeting, while Chinese PMI and Australian and Canadian GDP numbers will also be important. Japanese household spending likely to fall back in April Japanese data will start the [..]


Week Ahead – Busy week for PMI and GDP data; Fed speakers also eyed

Posted on May 20, 2016 at 12:55 pm GMT

Preliminary PMI readings for the Eurozone will be among the main data releases of the coming week along with second estimate GDP for the first quarter for the UK, the US and Germany, as well as Japanese inflation. The US calendar will be the busiest with housing data and durable goods orders also due. However, upcoming speeches from several Fed officials could attract more attention given the recent strong signals coming from the Fed lately on a possible June/July rate hike. [..]


Japan GDP grows more than expected in Q1 but business spending falls

Posted on May 18, 2016 at 10:14 am GMT

Japan’s economy avoided a technical recession in the first quarter by expanding at a quarterly rate of 0.4% in the first three months of the year. After contracting by a downwardly revised 0.4% in the final quarter of 2015, some analysts had feared that the world’s third largest economy would enter its fourth technical recession (defined as two consecutive quarters of negative growth) since emerging out of the financial crisis. However, growth surprised on the upside as it beat expectations [..]


Asian Session –Dollar/yen under pressure after Japan PM comments

Posted on April 6, 2016 at 8:03 am GMT

The yen rose sharply on Tuesday as risk aversion set in and comments from the Japanese prime minister added further support to the currency. Speaking to the Wall Street Journal, Prime Minister Shinzo Abe said he was against “arbitrary intervention” of devaluing currencies “whatever the circumstances”. The dollar touched a near 18-month low of 109.94 yen after the comments yesterday but had recovered slightly to 110.35 yen in Wednesday’s Asian session. The euro and the pound were also under pressure [..]


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