Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei hist 2-month high on trade talk optimism,good to buy on dips

Asian markets are trading higher especially Nikkei jumped more than 0.5% on account US-China trade talks optimism and weak yen. US and China trade talks going very well and US President Trump said that Mar 1st deadline for China trade talks not magical date. US market has closed flat with Dow Jones at 25981 (0.03% higher) and S&P500 2779 (0.15% higher).The dollar has gained slightly almost 40 pips in today’s Asian trading session on easing geopolitical tension. The weaker yen has boosted demand for exporters such as automakers and machinery makers. USDJPY hits intraday high of 110.93 and is currently trading around 110.85.

 On the lower side, near term support is around 21000 and any break below targets 20630/20450/20170. The index should break below 20000 for further direction.

 The near term resistance is at 21400 (100- W MA) and any break above targets 21700/21918.

It is good to buy on dips around 20700-750 with SL around 20450 for the TP of 21500.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-07-02 15:32:08
0m
2019-07-02 15:32:02
0m
2019-07-02 15:30:39
0m
2019-07-02 15:30:27
0m

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 779626779626m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 779626779626m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767806767806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.