News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Real Time News
  • The USD/CAD breakout is now approaching near-term uptrend resistance and while the broader outlook remains constructive, the bulls may be vulnerable here. Get your $USDCAD technical analysis from @MBForex here: https://t.co/Bdr4y9lTJv https://t.co/kjg9w2JkLq
  • US Equities Update (Wednesday Close): $DJI -1.92% $SPX -2.37% $NDX -3.16% $RUT -3.04% $VIX +7.86%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: -0.03% Wall Street: -0.03% Germany 30: -0.87% FTSE 100: -0.88% France 40: -0.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Je9EmV34kz
  • Looks like we got everyone's view on it: https://t.co/Y0zskurvsB
  • Commodities Update: NYM WTI Crude 39.83 (+0.08%), ICE Brent Crude 41.69 (-0.07%), NYM NYH Gasoline 117.81 (+1.19%). [delayed]
  • Today's webinar recording if you missed it live - https://t.co/JyBaVkbzI8
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2020/09/23/US-Dollar-Price-Action-Setups-USD-EUR-USD-EURUSD-GBP-USD-GBPUSD-AUD-USD-AUDUSD.html https://t.co/mXFX1rWAr0
  • Canadian #Dollar Outlook: $USDCAD Breakout Levels- Bull’s First Test - https://t.co/sDdpxq3Zxd https://t.co/mFLUeJ8sY2
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.05% Gold: -1.79% Silver: -5.98% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wrmWnBAFaX
  • TikTok files for a preliminary injunction against Trump ban - BBG
Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

2019-02-18 00:00:00
Daniel Dubrovsky, Analyst
Share:

Asia Pacific Market Open Talking Points

  • British Pound outperforms amidst weakness in the US Dollar as S&P 500 rose
  • Latest US-China trade news, government avoiding shutdown bolstered sentiment
  • Asia stocks may rise Monday, Nikkei 225 has chance to close above key resistance

Find out what retail traders’ equities buy and sell decisions say about the coming price trend!

The British Pound outperformed against its major counterparts, benefiting amidst weakness in the US Dollar and better-than-expected UK retail sales data. Declines in the Greenback were largely thanks to a recovery in risk appetite which lead to the S&P 500 closing 1.09% higher. US government bond yields rose as prices fell, signaling fading demand for haven assets.

Upbeat mood in the markets occurred due to a couple of developments. First, reports crossed the wires that China and the US reached a consensus on topics related to trade negotiations such as intellectual property protection and non-tariff barriers. Meanwhile, US President Donald Trump signed an agreement to avert going back into a government shutdown. Albeit, he declared a national emergency to fund the border wall.

Pro-risk currencies such as the Australian and New Zeeland Dollars climbed. The Canadian Dollar also gained, rising alongside sentiment-sensitive crude oil prices. As the new trading week begins, the US markets are offline Monday for a holiday, reducing levels of liquidity. A lack of prominent economic event risk places the focus on risk trends. As such, Asia Pacific equities may follow Wall Street higher.

Nikkei 225 Technical Analysis

Should the Nikkei 225 climb higher Monday, the index may keep making progress above the falling trend line from October 2018. The recent break has not had much follow-through but that could change. With that in mind, a daily close above 21243.40 could be that bullish signal. Keep an eye on RSI though, negative divergence may emerge signaling fading upside momentum.

Nikkei 225 Daily Chart

Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

US Trading Session Economic Events

Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

Asia Pacific Trading Session Economic Events

Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES