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
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/7mc19Gxrvm
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/09/26/Gold-Price-Outlook-Rising-US-Dollar-Sinks-XAUUSD-Will-Losses-Extend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gPhy0KoW3W
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/38gTDnpPbn https://t.co/Xtk5g4JQEB
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3Wked6GBOp https://t.co/SsUguHB39W
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/aD1ZWhTWZp
  • The price of #oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43). Get your #commodities update from @DavidJSong here: https://t.co/719LgjFmYG https://t.co/SSoqjONUzA
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here: https://t.co/HJpngnerzY https://t.co/g6X8ABQDwY
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:https://t.co/ed4QR7QQOn https://t.co/gDWYNtm2UY
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/Q7TcbrYXjl
  • #Gold prices have plunged nearly 11% off the record highs with a breakout risking further losses. Here are technical trade levels that matter on the XAU/USD weekly chart. Get your #metals update from @MBForex here: https://t.co/7p3jPx6nQd https://t.co/yxymjCHti6
World Equity Outlook Grimmer as Asia Stocks Fall, FTSE 100 Next?

World Equity Outlook Grimmer as Asia Stocks Fall, FTSE 100 Next?

2019-04-11 05:00:00
Daniel Dubrovsky, Analyst
Share:

Asia Pacific Markets Wrap Talking Points

  • Gains in the S&P 500 lack follow-through for Asia Pacific stocks
  • Passing of ECB, FOMC minutes places focus on earnings season
  • Technical signals hint reversal in S&P, DAX and now FTSE 100

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

Asia equities traded mostly lower on Thursday, failing to find much upside follow-through after a somewhat rosy session on Wall Street. This may be due to the fragile fundamental picture for global growth, underlined by ECB President Mario Draghi and the FOMC meeting minutes over the past 24 hours.

China’s Shanghai Composite was the worst-performing regional index, declining over 1.3% heading into the close. Shares in Australia and South Korea fared better, but still lost ground. The former country's benchmark ASX 200 dropped about 0.25% while the latter's KOSPI shed a meager 0.1%.

With in-line Chinese CPI data behind us, the focus for stocks turns to the upcoming first quarter US earnings season. This is in the context of a slowing Europe and a fragile China. Data has also been tending to underperform in the world’s largest economy as of late, with the recent mixed US CPI report as an example.

Taking a look at currencies and commodities, the pro-risk Australian and New Zealand Dollars aimed narrowly lower. Crude oil prices weakened alongside the deterioration in sentiment, pressuring the Canadian Dollar as well.

What is also concerning is that bearish technical signals have recently sprung up in a couple of major benchmark indexes. Both the S&P 500 and the DAX 30 are being menaced by bearish Evening Star candlestick formations. Now, there is a reversal warning sign in another below.

FTSE 100 Technical Analysis

UK’s FTSE 100 just closed under a near-term rising support line from the end of March. With confirmation, we may be due for another retest of the long-term upward-sloping trend line from the end of 2018 that is guiding the index higher. Meanwhile, immediate resistance appears to be at 7461.

FTSE 100 Daily Chart

World Equity Outlook Grimmer as Asia Stocks Fall, FTSE 100 Next?

Chart Created in TradingView

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