JP225

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Technical Analysis – Japan 225 stock index stands tall at 9-week highs

Posted on February 21, 2019 at 1:52 pm GMT

Japan’s 225 stock index has staged a 5% rise over the past two weeks to jump above the Ichimoku cloud and reach a nine-week high of 21,554 today. The MACD keeps stretching higher and above its red signal line, spreading hopes that there are more gains in store. The RSI is also in bullish territory (above 50) but seems to be losing steam, a sign that caution may soon return to the market. If the rally continues, the 50% Fibonacci of 21,847 [..]

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Technical Analysis – JP225 stock index stalls downtrend at 15-month lows

Posted on January 11, 2019 at 9:05 am GMT

Japan’s 225 stock index (Nikkei 225) gained some ground after dropping to a 15-month low of 19,239 in the first week of the year and is now looking for a cross above the 20-day simple moving average. In the short term the index could consolidate as the RSI is ready to touch its 50-neutral mark, while the MACD continues to improve towards the zero line. The red Tenkan-sen line is flattening after a small rebound, supporting this view as well. [..]

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Technical Analysis – JP225 stock index slumps to 2-week lows; bias still negative

Posted on December 5, 2018 at 9:34 am GMT

Japan 225 stock index peaked at 22,778 on Monday, the highest since mid-October but on Tuesday the market faced severe pressure, dropping straight down to an almost two-week low of 21,568 and back below the 200-period simple moving average (SMA) on the four-hour chart. Today the index is in recovery as the recent sell-off appeared overstretched according to the RSI, with the indicator rebounding off the 30 oversold level. The MACD, though, hasn’t shown any improvement yet, extending negative momentum below its red signal [..]

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European Open Preview – Dollar retreats a bit as risk aversion takes a breather; ECB minutes due

Posted on November 22, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is a little lower on Thursday (-0.12%), extending losses from yesterday that were owed to disappointing US durable goods data and reports the Fed will debate whether to pause its hiking cycle early next year. The euro clawed back some of its recent losses, aided by optimism that the EU-Italy standoff may be resolved diplomatically. STOCKS: Wall Street closed mostly higher on Wednesday for the first time this week, amid [..]

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European Open Preview – Dollar capitalizes on risk-off mood; euro eyes Italian budget saga

Posted on November 21, 2018 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is slightly lower on Wednesday (-0.17%), giving back some of the significant gains it recorded in the previous session as investors sought the safety of the world’s reserve currency. The loonie was the biggest underperformer, weighed down by another plunge in oil prices. Meanwhile, the yen and the franc attracted inflows amid the broad-based risk aversion, though both are a little lower today, as sentiment seems to have turned [..]

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European Open Preview – Dollar extends pullback; BoE’s Carney appears before parliament

Posted on November 20, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX:The dollar index is marginally lower on Tuesday (-0.08%), extending the losses it posted in the previous session as US bond yields declined and a disappointing NAHB index fueled speculation the US economy may have peaked. The Swiss franc was the best performer, attracting inflows amid risk aversion in markets, while the euro followed closely in its tracks. The pound was little changed amid no fresh Brexit news, though investors may turn [..]

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European Open Preview – Cautious Fed commentary weighs on dollar; Brexit, Italy, Sino-US trade in focus

Posted on November 19, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar is practically unchanged on Monday, licking its wounds after a considerable drop in the previous session, which came on the back of cautious commentary from Fed policymakers. The euro capitalized the most on the dollar’s retreat, remaining largely unfazed by the heightened volatility in the British pound. STOCKS: The Dow Jones (+0.49%) and the S&P 500 (+0.22%) closed higher on Friday, after US President Trump hinted at a potential “ceasefire” in [..]

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US Open Preview – Sterling largely consolidates massive losses with PM May’s leadership on tightrope

Posted on November 16, 2018 at 12:28 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly up versus a basket of currencies, with the closely watched British currency being broadly higher. Still, the pound mostly consolidated Thursday’s sharp losses on the back of the Brexit drama that unfolded, and which still appears to have room to run. One exception was the yen, which came on the receiving end of safe-haven flows and thus the pound was unable to advance against it – pound/yen [..]

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European Open Preview – Brexit turmoil spooks sterling; Sino-US trade developments eyed

Posted on November 16, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The British pound plunged on Thursday after the UK Brexit Secretary quit in protest of the Brexit deal, and amid growing speculation PM May could soon face a leadership challenge. Meanwhile, the commodity-linked currencies – aussie, kiwi, and loonie – all gained ground on the back of a report that the US will pause its next round of tariffs on China. The dollar was little changed, unable to draw much strength from [..]

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European Open Preview – Sterling stays volatile as UK Cabinet approves deal; US & UK retail sales due

Posted on November 15, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is little changed on Thursday (+0.07%), after posting some modest losses in the previous session. The British pound traded in a particularly volatile manner amid Brexit headlines, with the UK Cabinet giving its endorsement to the Brexit deal. Meanwhile, the aussie is the best performing currency among the majors today, following upbeat employment data out of Australia overnight. STOCKS: US markets remained under selling pressure on Wednesday, with financials underperforming [..]

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