Fundamental Analysis

Macro Occasions & Information

FX Information As we speak

Japanese bond yields elevated, outperforming in opposition to most different bonds in Asia as inventory markets rallied.
Commerce optimism, bettering credit score information out of China and higher than anticipated equipment orders in Japan boosted threat urge for food and Topix and Nikkei closed with features of 1.6% and 1.eight% respectively.
The Hold Seng is up 1.7%, CSI 300 and Shanghai Comp gained 2.9% and a pair of.four% respectively to this point.
US President Trump stated over the weekend that talks had been “very productive” and China’s President Xi Jinping stated the most recent spherical of conferences “achieved necessary progress in one other step”, which fueled optimism that one other spherical of punitive tariffs may be averted.
Improved credit score information out of China in the meantime helped to calm considerations about progress prospects within the nation.
US futures are narrowly blended, European inventory markets marginally larger, so it stays to be seen whether or not the rally might be sustained.
The entrance finish WTI future is buying and selling at USD 55.93 per barrel, after testing highs over USD 56.
US markets are closed at present and there was no commerce in Treasuries.

Charts of the Day

Essential Macro Occasions As we speak

US Presidents’ Day – US Markets closed at present for a public vacation.

Assist and Resistance

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Dr Nektarios Michail

Market Analyst

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With greater than four years of expertise on the Central Financial institution of Cyprus the place he obtained hands-on expertise with real-life economics, Dr Nektarios Michail is a supporter of a balanced method between science and artwork in relation to buying and selling alternatives throughout varied asset varieties.

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