Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Nikkei trading higher on massive jump in US markets , good to buy on dips

Asian markets is trading higher following footsteps of global markets. US markets has jumped more than 2% best gains since Mar after better than expected earnings from Morgan Stanley, Netflix ,Johnson&Johnson and Goldman Sachs. Dow Jones up more than 500 points at 25798 and S&P500 2809 (2.15% higher) .Shanghai is consolidating in narrow range after hitting low of 2536. It is currently trading around 2568 0.03% higher. US 10 year bond yield is trading muted after hitting high of 3.25%.Nikkei has recovered more than 700points yesterday after hitting low of 22265.It is currently trading around 22903 0.20% higher. US futures is trading slightly flat with Dow at 25780 0.01% lower and S&P500 2814.70 (0.05% higher).

USD/JPY `has recovered sharply after hitting low of 111.62. The pair hits high of 112.41 and near term resistance is around 112.60 and any break above targets 113. It is currently trading around 111.95.

On the lower side, near term support is around 22380 (200- day MA) and any break below 22158/21750.

The near term resistance is at aid 22940 (89- day EMA) and any break above targets 23110/23500.

It is good to buy on dips around 22600 with SL around 22380 for the TP of 23300.

 

 

 

 

 

  • ET PRO
  • Market Data

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

November 14 11:00 UTC Released

ZARetail Sales YY

Actual

0.7 %

Forecast

2.2 %

Previous

2.5 %

November 14 11:00 UTC Released

BRService Sector Growth MM

Actual

-0.3 %

Forecast

0.3 %

Previous

1.2 %

January 31 00:00 UTC 413997413997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413997413997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 425817425817m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 413997413997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 425817425817m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 413997413997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413997413997m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413997413997m

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.