Technical Analysis – Japan 225 index stalls ahead of 14-month peak of 24,162

Posted on January 16, 2020 at 11:40 am GMT

Japan 225 stock index (cash) has run out of fuel in its second attempt to overtake the 24,162 level. The recent stall in the up move can also be seen in the flattening of the Bollinger bands and the RSI, which is in the bullish territory. The short-term oscillators reflect mixed signals of momentum while the simple moving averages (SMAs) lean towards an improving picture. The MACD is rising above its red trigger line in the positive zone, while the [..]

Daily Market Comment – Yen skids on upbeat China data even as trade deal faces delay

Posted on December 2, 2019 at 9:16 am GMT

Markets in risk-on mood on better-than-expected Chinese manufacturing PMIs Still plenty of caution though, as US and China struggle to conclude ‘phase one’ deal Pound slips as Tories’ poll lead narrows further Oil bounces back after Iraq says deeper cuts to be discussed at OPEC+ meeting Sentiment lifted by rebound in Chinese factory activity December got off to a positive start after data over the weekend and on Monday showed manufacturing output in China unexpectedly rose in November. China’s official [..]


Technical Analysis – JP225 index bounces off 200-SMA; short-term bias positive but weak

Posted on November 25, 2019 at 11:14 am GMT

Japan’s 225 stock index failed to cross below the 200-period simple moving average (SMA) on Thursday on the four-hour chart and instead rallied back into the 23,000 area and closer to the upper surface of the Ichimoku cloud. The RSI and the MACD also improved but have yet to expand comfortably in the bullish area, suggesting a weak positive bias for the short-term. Buyers will be waiting for a decisive close above the 23,345 area and the surface of the Ichimoku cloud to [..]


Technical Analysis – Is JP 225 index preparing for a trend reversal?

Posted on October 31, 2019 at 12:19 pm GMT

Japan’s 225 stock index seems to be showing signs of a bearish divergence in the four-hour chart as the stock price has been making higher highs while the RSI and the MACD have been printing lower lows since the mid- October, hinting that the market may be preparing for a trend reversal. A confirmation could come around the previous low of 22,480 and the bottom of the Ichimoku cloud, but before that the market should first breach the 22,735-22,600 area. In the event of [..]

Daily Market Comment – Stocks ride high on trade optimism; Boris to try again for snap election

Posted on October 29, 2019 at 9:13 am GMT

Trade progress drives S&P 500 to record high but global rally loses steam Pound choppy after EU extension as Johnson struggles to trigger a general election Dollar steady ahead of expected Fed rate cut Trump says Phase One deal is “ahead of schedule” Market sentiment was boosted on Monday after US President Donald Trump signalled an interim trade deal was close. Speaking to reporters yesterday, Trump said “We are looking probably to be ahead of schedule to sign a very [..]


Technical Analysis – JP225 index remains bullish; consolidates at May high

Posted on October 16, 2019 at 3:05 pm GMT

The Japan 225 cash index’s recent rally has paused at the May high of 22,486 after producing a ten-month high of 22,612. Following an ascent that bounced off the 21,054 level, which is the 50.0% Fibonacci retracement of the up leg from 19,860 to 22,252, the signals are leaning towards a persisting positive outlook. The short-term oscillators reflect the bullish momentum is strengthening. The MACD is above its red trigger line and deep in positive areas, while the RSI is [..]


Technical Analysis – JP225 index bounces on 50% Fibonacci; bias has yet to shift positive

Posted on September 24, 2019 at 10:28 am GMT

Japan’s 225 stock index drifted higher after stepping on the 50% Fibonacci of the downleg from 24,472 to 19,239 and the upper surface of the Ichimoku cloud in the four-hour chart. While the positive momentum in the MACD and the location of the RSI, which managed to climb above its 50 neutral level, indicate some improvement in the sentiment, the bullish bias has yet to be confirmed as the former holds under its signal line and the latter seems to [..]

Daily Market Comment – Markets unimpressed by Fed’s hawkish cut; aussie slips on weak jobs data

Posted on September 19, 2019 at 8:31 am GMT

Fed lowers rates as expected, signals may not cut again; BoJ stands pat, could move in October Dollar see-saws on Fed decision, stocks pare initial losses; BoE awaited Aussie and kiwi extend slide after data fuels rate cut expectations    Powell soothes market nerves as split vote casts doubt on rate outlook   There were no surprises from overnight decisions by the Federal Reserve and the Bank of Japan as the US central bank cut its benchmark rate by 25 [..]


Technical Analysis – JP225 index fiercely rallies, recouping recent losses

Posted on September 12, 2019 at 3:40 pm GMT

Japans’ 225 stock index returned to the levels where losses began one-and-a-half-months ago. The index plotted gains starting on September 2, after intensely rallying out of a sideways market that commenced on August 6. Despite the upward slopes in the 50- and 100-period simple moving averages (SMAs) -reflecting a positive bigger picture-, as well as their bullish cross of the 200-period SMA, the bears are attempting to reverse the price down. Although the MACD has dropped below its red trigger [..]

Daily Market Comment – Risk assets recover as Brexit and trade worries ease

Posted on September 5, 2019 at 8:33 am GMT

Risk appetite returns as trade and geopolitical tensions subside overnight Pound bounces back as no-deal Brexit averted for now; elections could follow US and China agree to hold trade talks in October; global stocks surge Markets cheer ebb in trade and political tensions Traders were greeted with positive developments on all fronts on Thursday as the United States and China finally agreed on the basis for a new round of high-level talks, while the easing of political turmoil in Britain [..]

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