Archives of “May 14, 2019” day

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Nikkei 225 closes lower by 0.59% at 21,067.23

  
Analysis, Global Indices

Tokyo’s main index closes lower, but near the highs for the day

Nikkei 14-05

As mentioned earlier, the losses seen in Asian stocks today belie actual market sentiment which is looking more optimistic. The negative tones in Asia is mostly a bit of a catch up play to overnight declines in Wall Street more than anything else, but the losses itself have been pared slightly since early morning trade.

US equity futures are up by 0.5% currently with Treasury yields also inching higher and that is helping to keep yen pairs underpinned, as USD/JPY trades at 109.65 currently.

North Korea says US seizure of its vessels violates deal from last year’s summit

  
Analysis, Politics

Geopolitical tensions involving the US are just about everywhere

NK USA

North Korea’s foreign ministry is out with a statement condemning the US seizure of its vessels, calling it an ‘illegal act of theft’, according to KCNA. The statement goes on to say that the action violates ‘the basic spirit of the joint statement’ signed last year in Singapore.

Adding that the US should return the vessels without delay and must ‘keep in mind what consequences they will face’.
Yeah, it doesn’t look like both sides are close to having another sit down session to talk things out. Expect the tensions here to grow as Kim gets more and more emboldened to toy around with his missile-testing.

CME Bitcoin futures reached an all-time record high of 33.7k contracts on May 13

  
Analysis, BITCOIN

Chicago Mercantile Exchange bitcoin contract

If you like the idea of trading bitcoin but are concerned over all the scams and thieving that happen from bitcoin ‘exchanges’ (these are websites folks, not regulated exchanges at all) then futures may be a viable option.
And, you won’t be alone:
  • CME Bitcoin futures reached an all-time record high of 33.7K contracts on May 13
That’s around 50% higher than the previous record set on April 4. If that is indicative of the trend, it’ll see liquidity improve even further.
Anyway, this isn’t an ad for the CME, just my thoughts.
Hourly chart of the spot contract:
Chicago Mercantile Exchange bitcoin contract 

Major stock indices end the session with oversized losses

  
Analysis, US Market
The major stock indices are all ending with oversized losses on concerns about a global trade war. There was limited recovery in the indices today (unlike last week).   The Nasdaq is having it’s worst day in 2019. Tech sector is down 3%.  Dow industrial average fell over 700 points at the lows.
The final numbers are showing:
  • S&P index -69.53 points or -2.41% at 2811.87.
  • Nasdaq index -269.91 points or -3.41% at 7647.02
  • Dow -617.38 points or -2.38% at 25324.95
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