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FxWirePro:Nikkei declines slightly on global growth outlook concern, good to buy on dips

Asian markets are trading slightly lower especially Nikkei declined slightly following footsteps of US markets. US Durable goods orders rose by 1.2% in Dec but core capital goods orders dropped unexpectedly by 1% compared to -0.6% in previous month.US Phiily Fed manufacturing index came at -4.1 compared to forecast of 14.1.US market has closed slightly lower with Dow Jones at 25850 (0.40% lower) and S&P500 2774 (0.35% lower).USDJPY is trading flat after hitting high of 111.12.It is facing strong resistance around 111.40 and is currently trading around 110.74.

 On the lower side, near term support is around 21300 and any break below targets 21077/21000/20800.The index should break below 20800 for further direction.

 The near term resistance is at 21500 and any break above targets 21700/21918.

It is good to buy on dips around 21150-200 with SL around 20900 for the TP of 21500/21700.

 

 

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March 25 14:30 UTC Released

USDallas Fed Mfg Bus Idx

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8.3

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13.1

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MXIGAE Econ Activity MM

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0.2 %

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-0.4 %

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January 22 19:00 UTC 614694614694m

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-1541 %

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January 22 19:00 UTC 614694614694m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 602874602874m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 602874602874m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 602874602874m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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