Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei trades higher on trade optimism,good to buy on dips

Asian markets are trading higher especially Nikkei jumped more than 1%. US markets was closed higher and has closed well above 55-day EMA first time since Dec on US-China trade optimism.The Wall Street Journal reported on Thursday that US Treasury Secretary Mnuchin discussed lifting some or all tariffs imposed on Chinese imports. Dow Jones closed at 24370 (0.67% higher) and S&P500 2635 (0.70% higher) . Shanghai is trading slightly higher and is currently trading around 2579 (0.79% higher). Nikkei is trading at 20669 (0.88% higher).

USDJPY has jumped more than 70 pips from yesterday’s low of 108.68. Minor weakness can be seen below 107.50 and any violation below targets 106.80/106. It is currently trading around 109.35.

 

On the lower side, near term support is around 20200 and any break below targets 19900/19600/19000.

 

The near term resistance is at 20845 (55 - day EMA) and any break above targets 21000/21300.

It is good to buy on dips around 20400 with SL around 20200 for the TP of 20840/21000.

  • ET PRO
  • Market Data

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

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 811633811633m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 811633811633m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 823453823453m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 811633811633m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 823453823453m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 811633811633m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 811633811633m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 811633811633m

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.