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 [..]


Technical Analysis – JP225 index unable to push through the 100-SMA

Posted on August 22, 2019 at 3:04 pm GMT

Japans’ 225 stock index experienced a one-week rally from a low of 20,097 past the 50-period simple moving average (SMA), to then hit a wall at the 100-period SMA. The 50- and 100-period SMAs have begun to converge and momentum has started to evaporate. The indicators, although in positive territory, reflect a decreasing positive directional momentum as the MACD has dropped below the red trigger line near the zero line, whilst the RSI is declining to try and breach the [..]


Daily Market Comment – Markets steadier but recession fears persist; strong US data lifts dollar

Posted on August 16, 2019 at 8:19 am GMT

Stocks head higher as Trump trade comments and strong US retail sales calm markets But fears of a downturn persist as bond markets remain in dangerous territory Pound up on latest bid by UK opposition parties to thwart no-deal Brexit Stock market sell-off eases on positive headlines Stocks in Asia were mostly positive on Friday and European and US equity futures were also pointing to a firmer start following yesterday’s rebound in risk appetite. Sentiment was boosted from a surprise [..]

Daily Market Comment – Yen firms again as trade jitters return; euro and pound steady despite election talk

Posted on August 9, 2019 at 8:11 am GMT

Risk aversion spikes again on reports US won’t ease Huawei restrictions Safe havens remain supported, stocks falter Euro and pound unmoved by speculation of snap elections in Italy and the UK Bounce in risk appetite proves short lived as trade worries return Market sentiment turned sour again on Friday as trade tensions resurfaced after Bloomberg reported that the United States is delaying a decision on whether to allow some American companies to do business with China’s Huawei Technologies. President Trump [..]


Technical Analysis – JP225 index slumps to oversold area; key support ahead

Posted on August 5, 2019 at 1:18 pm GMT

Japan’s 225 stock index has been unable to clear the heavy resistance around the 50% Fibonacci extension of the long donwleg from 24,472 to 19,239, with the price falling forcefully below its simple moving averages (SMA) and the Ichimoku cloud over the past week. The RSI and the Stochastics suggest that negative momentum could stall in the short-term as both indicators have slumped into oversold territory, but according to the MACD any price reversal may not last for long as the index seems to have [..]

Daily Market Comment – Yen and gold soar; yuan sinks as trade war savages markets

Posted on August 5, 2019 at 8:25 am GMT

Safe havens such as the yen and gold surge as heated trade tensions extend broad sell-off in risk assets Yuan breaks past 7 per dollar level as PBOC gives green light to a weaker currency US dollar mixed as Fed rate cut expectations rise again Market rout deepens, yen rallies    The fallout from the latest escalation in the US-China trade dispute continued to be felt across financial markets on Monday as investors sold off stocks and emerging market currencies [..]


Technical Analysis – JP225 index finds support on uptrend line and 50-day SMA; sideways move in near term

Posted on July 15, 2019 at 8:31 am GMT

The JP225 stock index has been ascending since June 4, from the low of 20,276 to a two-month high of 21,796. The index gapped upwards on July 1, only to shift to a two-week trading range with lower and upper boundaries of 21,451 and 21,796 respectively. The index currently finds support on the 50-day simple moving average (SMA), coupled with the uptrend line coming from the low of 20,276. The ADX confirms the absence of the trend, whereas other indicators [..]

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