Global Indices Archives - Page 60 of 104

German DAX rises by 1.25%

The European major indices are ending the session with mixed results. A look at the closing levels are showing:

German DAX, +1.25%
France’s CAC, +0.3%
UK’s FTSE 100, -0.87%
Spain’s Ibex, +0.54%
Italy’s FTSE MIB, -0.36%

In the European are ending mixed. The German and French benchmark 10 year yields moved mostly lower. Italian yields moved sharply higher.

In other markets as London/European traders look to exit:

S&P index is up 2.13%
NASDAQ index is up 2.96%
Dow industrial average is up 1.79%

In the US debt market, yields are lower:

2 year 0.221%, -2.4 basis points
5 year 0.406%, -4.3 basis points
10 year 0.734%, -3.6 basis points
30 year 1.383%, -2.3 basis points

Spot gold is taking us clues from the lower dollar and is trading up $18.40 or 1.07% at $1733.75

WTI crude oil futures continued the move to the downside. The price is down $-1.22 or -5.5% at $21.19.

In the forex market a snapshot of the major currencies are showing the GBP is the strongest. The NZD has taking over as the weakest of the majors although the USD and CAD are close behind.

Nikkei 225 closes higher by 3.13% at 19,638.81

14-Apr-20 11:47 am

Anirudh Sethi

The Nikkei closes at a one-month high amid the better risk mood

Nikkei 14-04

Japanese stocks rallied strongly today as Asian equities also gained on the back of better-than-expected China trade balance data for March, but also as US futures kept higher after a softer performance by Wall Street in overnight trading.

The Hang Seng is up by 0.8% while the Shanghai Composite is up by 1.3% currently.

In the currencies space, this is keeping the aussie and kiwi slightly more underpinned with AUD/USD keeping above 0.6400. Meanwhile, the dollar remains softer across the board still.

Nikkei extends gains to over 3% on the day

14-Apr-20 11:22 am

Anirudh Sethi

Japanese stocks surge higher ahead of the closing stages

Nikkei

It has been mostly one-way traffic for risk trades in Asia Pacific trading, as we see the Nikkei push higher towards the end of the session with gains of over 3% now.

The Hang Seng and Shanghai Composite are also up by 1% on the day with US futures at session highs at the moment, seeing gains of over 1.6%.

Better-than-expected Chinese trade balance data can be said to be among the reasons for the improved risk mood as investors are clinging on to whatever optimism they can ahead of earnings season in Wall Street that is set to begin today.

In turn, this is keeping the aussie and kiwi underpinned ahead of European trading. AUD/USD is up by about 0.7% to 0.6425 while NZD/USD is up by 0.5% to 0.6122.

Why i never short

10-Apr-20 06:36 pm

Anirudh Sethi

Nikkei 225 closes higher by 2.01% at 18,950.18

07-Apr-20 11:39 am

Anirudh Sethi

Asian equities push higher after solid gains from Wall Street overnight

Japanese stocks are keeping higher after some tepid tones in US futures during the session as we saw E-minis erase 0.7% gains to fall by 0.5% before climbing back to sit higher by 0.6% currently as we approach European trading.

The Hang Seng is also up by 1% on the day while the Shanghai Composite nears 2% gains as Asian stocks are making the most out of the positive mood to start the week.

In the currencies space, it is all about the dollar softness today as the greenback slips across the board. USD/JPY is lower by bout 0.4% at 108.80 while AUD/USD is posting near 1% gains at 0.6145 currently.

German DAX leads the way higher in the European equitys today

06-Apr-20 11:53 pm

Anirudh Sethi

Major indices higher across the European continent.

The German DAX is leading the way higher in European equity’s today as they look to ease coronavirus restrictions.

The provisional closes are showing:

German DAX +5.71%
France’s CAC, +4.78%
UK’s FTSE 100, +3.10%
Spain’s Ibex, +4.13%
Italy’s FTSE MIB, +4.0%

Looking at the hourly chart of the German DAX below, the price today moved above its 200 hour moving average (green line in the chart below) for the 1st time since February 21. That is bullish.

Last week the price tested that moving average line, but stalled against the level and moved back lower. The low from last Thursday and Friday was able to find support buyers against its 100 hour moving average (blue line in the chart below). That too was bullish.

In trading today the market gapped above that moving average line and has moved higher through the day.

The next targets would look toward the swing high from last week at 10096 and the swing high from March 25 at 10137. Above that and the 38.2% retracement of the move down from the February high would be targeted at 10371.77.

Getting to and through the 38.2% retracement target would be the minimum retracement for the buyers. Failure to extend above that retracement level, and the move higher is simply a plain-vanilla correction for the index. I would expect the buyers to give up if that retracement level cannot be broken.