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FxWirePro: Nikkei225 trades lower on weak global markets, good to sell on rallies

  • Nikkei declined slightly after hitting 25- year high at 23423 on account of weak global stock market and strong yen. The index has jumped almost 10% since Oct 23rd after Abe land slide victory . It is currently trading around 22561 0.35% lower.
     
  • USD/JPY has shown a minor jump after hitting low of 113.09. The pair bullish continuation can be seen if it closes above 114.45 (161.8% fibo) level. The pair's major support is around 112.95 (Oct 31st 2017 low) and any close below will take the pair  till 112.25 (233- day MA)/111.65/111.13. It is currently trading around 114.02. 
     
  • On the lower side, index major support is around 22260 (89 hourly EMA) and any break below will drag the index down till 22000/21840.
     
  • The near term resistance is around 23500 and any break above will take the index to next level till 24000/24280.

    It is good to sell on rallies around 22750-22800 with SL around 23000 for the TP of 22260/22000.
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June 18 07:00 UTC Released

CZPPI YY

Actual

1.5 %

Forecast

0.8 %

Previous

June 18 07:00 UTC Released

CZPPI MM

Actual

1 %

Forecast

0.5 %

Previous

0.2 %

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 210976210976m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 210976210976m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 199156199156m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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