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.



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
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
Wall Street
More View more
Real Time News
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out:
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • 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:
  • #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 -
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
Nikkei 225 Tests Resistance as Equities Await US Earnings Season

Nikkei 225 Tests Resistance as Equities Await US Earnings Season

2019-04-12 05:00:00
Daniel Dubrovsky, Analyst

Asia Pacific Markets Wrap Talking Points

  • Equities trade mixed in Asia Pacific trade
  • S&P 500 eyeing US earnings season next
  • Nikkei 225 upside momentum is weakening

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

Asia Pacific benchmark stock indexes traded mixed following a similar session on Wall Street. Ebbing Fed rate cut bets pared an upside gap in the S&P 500, but downside follow-through during the early stages of Friday was lacking.

The Nikkei 225 traded about 0.5% higher into Tokyo close, supported by gains in Fast Retailing which is the parent company of Uniqlo. Australia’s benchmark ASX 200 fared slightly better, pushed higher by financials. Meanwhile, the Shanghai Composite declined roughly 0.5%.

Looking at currencies, the Australian Dollar declined on a pessimistic RBA Financial Stability review. The pro-risk currency however recovered as it tracked the Nikkei 225 higher. Meanwhile, the anti-risk Japanese Yen weakened.

In the ASEAN FX space, the Singapore Dollar came under selling pressure as well after the MAS cut inflation and growth expectations. Building expectations of a rate cut from the Philippine central bank sent USD/PHP higher as it formed a bullish reversal pattern.

Ahead, first quarter US earnings season begins. Traders will be watching what companies have to say about their outlooks given a slowing global economy. This poses as a downside risk for equities. Rosy University of Michigan sentiment may help offset that.

Nikkei 225 Technical Analysis

The Nikkei 225, using futures to show afterhours trade, rose to test resistance again at 21890. However, negative RSI divergence warns that upside momentum is ebbing and this may precede a turn lower towards support at 21520.

Nikkei 225 Daily Chart

Nikkei 225 Tests Resistance as Equities Await US Earnings Season

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.