JP225

Daily Market Comment – Stocks steady on Evergrande debt assurance; dollar eyes Fed taper signal

Posted on September 22, 2021 at 8:55 am GMT

Chinese stocks mixed after trading resumes as Evergrande says it will meet debt payment Dollar holds firm ahead of Fed decision; will Powell rock the boat? BoJ keeps policy unchanged, yen slips on better mood, euro and pound lag Cautious rebound underway amid Evergrande relief Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet the debt payment due on Thursday for domestic bondholders. However, the company [..]

Daily Market Comment – Stocks perk up but shaky after Biden-Xi call; dollar pares weekly gains

Posted on September 10, 2021 at 8:54 am GMT

Global equities in better mood, Biden-Xi call helps, but Wall Street still looking wobbly Euro buys Lagarde’s ‘not tapering’ depiction, stays sluggish after ECB cuts QE pace Dollar slides again but on track for weekly gains as Fed officials reaffirm taper timeline Stocks buoyed by hopes of improved Sino-US ties Equity markets were looking more cheery on Friday after somewhat of a tumultuous week. Renewed concerns about economic growth amid rising inflation and ongoing disruptions caused by the Delta variant, [..]

Daily Market Comment – Dollar pares NFP-led losses, focus turns to ECB

Posted on September 6, 2021 at 9:08 am GMT

Dollar off lows, yields edge up as investors digest mixed jobs report Global equities rally, led by China and Japan, spurred by stimulus hopes Aussie slips ahead of RBA decision, euro eyes ECB meeting Dollar recoups some losses as Fed outlook little changed The US dollar is recovering from one-month lows on Monday, having deepened its latest slide on Friday following the mixed readings on the labour market. The US economy added far fewer jobs than anticipated in August, but [..]

Daily Market Comment – Dollar finds footing as Jackson Hole awaited, stocks fly again

Posted on August 25, 2021 at 9:14 am GMT

Markets turn to Jackson Hole for direction amid uneasy optimism Dollar edges up after three-day slide, while Wall Street climbs to fresh records China cash injection, House infrastructure vote lift sentiment, but Delta still a worry Calm sets in before possible Fed storm After a volatile week, markets were in much steadier waters on Wednesday, with the US dollar halting its losing streak and equities holding onto their gains. Optimism that the global economic recovery from the pandemic will only [..]

Daily Market Comment – Dollar on the offensive ahead of NFP; OPEC+ decision postponed

Posted on July 2, 2021 at 8:59 am GMT

Dollar scales fresh highs as NFP forecasts edge up, hits 15-month peak versus yen Another mixed day for stocks as Asian growth worries persist but S&P 500 extends record streak Oil slips from highs as OPEC+ meeting delayed amid disagreements Dollar strength prevails on Jobs Friday The US dollar maintained its northward bound on Friday as investors awaited the hotly anticipated jobs report out of the United States for possible clues about Fed tapering. There have been subtle hints from [..]

Daily Market Comment – Stocks struggle as Delta variant wreaks havoc, dollar and yen edge up

Posted on June 29, 2021 at 9:03 am GMT

Wall Street notches up another record but Asia falters amid worrying spread of Delta variant Dampened mood and US Covid resilience lift dollar, yen up too Euro stutters as ECB divisions laid bare; pound slips as investors unimpressed by UK’s ‘Freedom Day’ Mixed start for equities as Delta outbreak hits nerves Asian stocks came under pressure for a second day on Tuesday as the rapid spread of the Delta variant of Covid-19 hit growth expectations for the region. Low vaccination [..]

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Daily Market Comment – Fed aftershock deepens in equities but dollar pauses for breath

Posted on June 21, 2021 at 9:09 am GMT

Fed’s normally dovish Bullard sees 2022 rate hike, Wall Street crumbles Rout stretches on but dollar rally eases, gold catches a bid Markets dreading key Fed speakers this week including Powell US yield curve flattens, roils markets The US yield curve flattened further on Monday as investors continued to adjust their rate hike bets, steepening the short end of the curve while pushing long-term borrowing costs sharply lower. Markets are still coming to terms with last week’s FOMC bombshell when [..]

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Technical Analysis – JP 225 index finds footing after yesterday’s strong pullback

Posted on June 17, 2021 at 3:13 pm GMT

The Japan 225 index (Cash) has improved marginally above the 50-period simple moving average (SMA) and is now tackling the converged Ichimoku lines around 29,168. The SMA’s bullish demeanours have yet to evaporate, which is positive for the upside outlook. The price bounce within the support region between the 28,920 level and the 28,831 low, the former being the 23.6% Fibonacci retracement of the up leg from 27,131 until 29,424, recouped lost ground but the positive drive seems to have [..]

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Technical Analysis – JP 225 index reveals possible head & shoulders pattern

Posted on April 22, 2021 at 2:10 pm GMT

Japan’s 225 index (Cash) appears to have shaped what looks to be like a head and shoulders reversal pattern after rallying to a multi-decade high of 30,711. The price has gradually eased off its fresh top, plotting overall lower highs but via a rather sideways ranging demeanour. The bullish simple moving averages (SMAs) are shielding the prevailing uptrend; however, the decelerating slope of the 50-day SMA is transmitting warning signs for positive sentiment. We can see that the index confirmed [..]

Daily Market Comment – Equities bounce back, dollar holds firm, euro steadier

Posted on March 26, 2021 at 10:14 am GMT

Mood brightens after Wall Street posts late rebound but risks from quarter-end flows Dollar slightly off highs, euro barely recovers as EU leaders clash over vaccines Aussie and kiwi lead gainers, oil jumps again as Suez Canal blockage could last weeks Stocks head higher as traders focus on US recovery World stocks look set to end a turbulent week on a more positive note after upbeat news on the US economy fuelled a late rally on Wall Street on Thursday. [..]

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