Technical Analysis – JP 225 index re-tries to jump above 50.0% Fibo; slightly bullish in near term

Posted on April 14, 2020 at 1:04 pm GMT

The JP 225 index stretched its two-month old downside rally to an almost four-year trough of 15,383 before retracing half of the decline.  The MACD seems to be gaining ground towards the zero line, the RSI is still hovering around its 50 neutral mark and the simple moving averages (SMAs) continue to point south, all signaling a more cautious trading in the short-term. In case of a bullish correction, the index needs to overcome the 50.0% Fibonacci of the bearish move from 24,031 to 15,383 at 19,713, and the 19,872 resistance before heading up [..]

Daily Market Comment – Stocks edge up as earnings get underway amid stabilizing virus cases

Posted on April 14, 2020 at 8:23 am GMT

Stocks head higher as easing virus outbreak lifts mood But risk of over-optimism as US earnings poised to unveil virus hit Pound and aussie extend gains as dollar retreats Is the global pandemic peaking? Cautious optimism that the global pandemic of the coronavirus may have started to peak pulled global equities higher on Tuesday just as traders are about to find out what the impact of the outbreak was on corporate earnings. Stocks in Asia ended the day between 1-3% [..]


Daily Market Comment – Dollar firms, stocks dive again as US virus cases soar

Posted on April 1, 2020 at 8:41 am GMT

Risk sentiment sours again on mounting virus fallout, pulling stocks lower Manufacturing PMIs heighten recession fears; US ISM PMI next in focus Fed tries to ease dollar funding pressure but unable to keep currency down for long Stocks head south as virus panic returns It was a poor start to the second quarter for stock markets around the world as the growing coronavirus pandemic shows no sign of slowing, with the number of cases globally shooting past 800,000 yesterday. Stocks [..]

Daily Market Comment – Stocks buoyed by China PMIs; yen down on fiscal year-end positioning

Posted on March 31, 2020 at 8:45 am GMT

Chinese PMIs unexpectedly turn positive in March, lifting stocks, but only slightly Signs of contagion slowing in Europe but uncertain outlook keeps lid on sentiment Yen slips as Japanese investors scramble for dollars at end of fiscal year Some joy from bounce in Chinese PMIs Markets were in a relatively upbeat mood on Tuesday as encouraging PMI numbers out of China and a positive close on Wall Street lifted shares in Asia. European indices jumped more than 1% at the [..]


Technical Analysis – JP 225 index flirts with 20-SMA after sharp rebound; bearish bias intact

Posted on March 27, 2020 at 1:01 pm GMT

Japan’s 225 stock index barely surpassed the 2019 support-turned-resistance level of 19,239 as the blue Kijun-sen line stood tall. Nevertheless, it managed to close slightly above the 20-day simple moving average (SMA). The RSI and the Stochastics reflect that downside risks remain in place as the former seems to be losing momentum before even touching its 50 neutral level, while the latter is ready to post a bearish cross above its 80 overbought mark. Still, if the index holds above the [..]

Daily Market Comment – Stimulus bonanza fails to calm markets as Europe goes on lockdown

Posted on March 16, 2020 at 9:39 am GMT

Fed slashes rates again and relaunches QE, but markets still gripped by panic RBNZ and BoJ also announce emergency moves More fiscal stimulus on the way but will it be enough? Dollar and stocks slip as China output slump fuels recession worries Fed cuts rates to 0% but investors fear the worst An unprecedented wave of central bank intervention was unable to restore order in the markets on Monday even as policymakers stepped up their response to the coronavirus crisis. [..]


Technical Analysis – JP 225 index’s decent extends to more than 3-year low

Posted on March 12, 2020 at 1:28 pm GMT

Japan’s 225 stock index (cash) sustains a negative bearing stretching to a thirty-nine-month low of 17,510. The one-month collapse is fortified by the downward sloping 50- and 100-day simple moving averages (SMAs) and the recent bearish crossover between them. Furthermore, the falling Ichimoku lines boost the negative sentiment with the red Tenkan-sen line distancing itself below the blue Kijun-sen line. Additionally, the MACD is deep in the negative region and below its red trigger line, while the RSI is declining [..]

Daily Market Comment – Dollar and stocks sink on growing virus gloom; NFP may not help much

Posted on March 6, 2020 at 9:44 am GMT

Dollar and stocks take another battering as virus fears grip markets Investors continue to flock to safety, euro a surprise beneficiary US jobs report not expected to trim Fed rate cut expectations; OPEC eyed too No reprieve for dollar sell-off The US dollar extended its losing streak on Friday, skidding to two-month lows against a basket of currencies and 6-month lows versus the safe-haven yen. Contagion fears continue to spread panic in the markets as the number of coronavirus cases [..]


Technical Analysis – JP 225 index collapses to 4-month low; 200-SMA acts as support

Posted on February 24, 2020 at 10:33 am GMT

Japan’s 225 stock index (cash) collapsed on Monday as the coronavirus cases outside China increased, shifting funds towards safe havens. The index dived straight to the 200-day simple moving average (SMA) to 4-month lows, losing nearly 4.0% From Friday’s closure. Should the 200-day SMA, which currently stands around the 61.8% Fibonacci of the 21,054-24,162 upleg, prove an easy obstacle, the market could experience additional losses probably towards the 21,863 barrier as the falling RSI suggests. Lower, the next stop could be near 21,480. Otherwise, an upside reversal [..]

Daily Market Comment – Yen slumps, dollar reigns supreme as virus fears persist

Posted on February 20, 2020 at 9:24 am GMT

Yen tumbles on virus worries as investors seek safety elsewhere; dollar surges Virus spread slows but change in counting methodology casts doubt Aussie and kiwi extend slide on growth concerns Is yen losing its safe-haven status? The Japanese yen came under attack on all fronts on Wednesday, sending the safe-haven currency plunging against all its peers, even against the beleaguered euro and pound. The biggest beneficiary of the yen sell-off was the US dollar, which scaled a near 10-month peak, [..]

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