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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • RT @FxWestwater: Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data Link: $AUDUSD…
  • Heads Up:🇯🇵 Foreign Bond Investment (18/SEP) due at 23:50 GMT (15min)
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:
  • #ASEAN based #USD index continues to extend the bounce off September lows post #FOMC This follows a test of the 100-day SMA as well as a rising trendline from June Eyes on the 38.2% Fib extension before potentially retesting the July/August highs
  • 🇦🇺 Markit Manufacturing PMI Flash (SEP) Actual: 57.3 Previous: 52
  • 🇦🇺 Markit Services PMI Flash (SEP) Actual: 44.9 Previous: 42.9
  • Heads Up:🇦🇺 Markit Manufacturing PMI Flash (SEP) due at 23:00 GMT (15min) Previous: 52
  • Heads Up:🇦🇺 Markit Services PMI Flash (SEP) due at 23:00 GMT (15min) Previous: 42.9
  • Gold remains higher despite positive Evergrande news out of China. Meanwhile, copper bulls are pushing prices upward as the potential for a housing crisis in China ebbs. Get your market update from @FxWestwater here:
  • RT @BrendanFaganFx: USD/BRL May Continue to Gyrate as Brazilian Central Bank Tightens by 100 Basis Points $USD $USDBRL #FOMC Link: https…
Asia Stocks Trim Some of Recent Gains as Nikkei 225 Uptrend Holds

Asia Stocks Trim Some of Recent Gains as Nikkei 225 Uptrend Holds

Daniel Dubrovsky, Strategist

Asia Pacific Markets Wrap Talking Points

  • Asia stocks slightly trimmed gains as FOMC nears
  • European ZEW sentiment surveys may disappoint
  • Nikkei 225 uptrend still holds on rising support

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

Asia Pacific equities traded cautiously lower on Tuesday, failing to find much significant follow-through after a rosy session on Wall Street. The Nikkei 225 aimed more than 0.2% lower, along with similar weakness from the Shanghai Composite. The ASX 200 was narrowly down, declining over 0.1% heading into the close while the KOSPI met a similar fate.

Taking a look at currencies reveal a similar response when considering sentiment. As one might expect, the anti-risk Japanese Yen aimed cautiously higher against its major counterparts. Meanwhile, the risk-oriented Australian and New Zealand Dollars were a little bit weaker. After a few days of gains in equities, markets appear to be experiencing a slight dose of correction ahead of this week’s Fed rate decision.

As the FOMC nears, sustainable technical breakthroughs me be hard to find in the major currencies and global indexes. It is such a high-risk event with knock-on effects that can span markets worldwide. Brexit updates do remain a wildcard for the British Pound though. Ahead, keep an eye on German and Eurozone ZEW sentiment surveys. European economic growth slowing may result in softer-than-expected outcomes.

Nikkei 225 Technical Analysis

Using futures to show after hours-trade, the Nikkei 225 is still being supported by a rising range from the beginning of this year (pink parallel lines on the chart below). Prices have attempted multiple times to breach this area since last week and it appears to be holding up. A descent through it does open the door to a turn lower, perhaps to the next immediate support area at 20973. Resistance seems to be at 21890.

Nikkei 225 Daily Chart

Asia Stocks Trim Some of Recent Gains as Nikkei 225 Uptrend Holds

Chart Created in TradingView

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

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.