A busy day all round today from the Nikkei down another 2.5%, DOW futures 350 lower ahead of its open, rates rising, Jerome Powell taking office, Draghi to speak, Germany political uncertainty, BITCOIN losing another 8% now at 7,500 and the Bank of England to meet later in the week. Asia’s weakness is much of […]
It was expected to be a crazy fun-filled week and today has confirmed wild status! The Nikkei ended the session down 1% and saw the currency lose 1%. Guess they didn’t really have a direction provider having seen Wall Street whipsaw 200 points in either direction. The nerves are definitely being felt now, which […]
You could probably say that Asia is being ked less and less by US markets as they increase in volatility. It’s not unusual the past few days to see 400 point swings in the DOW! So, what do you follow – the last thirty minutes of trading? The Nikkei opened better and just went from […]
The sell-off continued in some of the Asian markets, with the Nikkei, in particular, losing an additional -0.85% today. Commodities heavily influenced values today, after we saw manufacturing and miners weigh on sentiment. Although the index has fallen 4.55 this month, it remains narrowly positive for the year. The weakness cam in the final hours of trading, after […]
As you would expect, given how the last minutes in the US trading influences Asia – we opened lower. The Nikkei did attempt a small recovery just after the opening, but this was not to last and in-fact the selling pressure increased as the day wore-on. Interesting that although the Nikkei finished 1.45% weaker, the […]
Most core Asian markets turned negative but only towards the end of the trading session. The Nikkei appeared happy playing in positive territory but tended to drift as we approached the close of the day. There was talk of different reports hindering sentiment but it was the unknown and the speed of the decline that […]
Following President Trump’s correction of Steve Mnuchin’s currency comments the currency markets experienced wild swings just ahead of the Asian trading session. The ASX opened weaker, hitting the days lows in early trading and then spent the rest of the day trying to make-up lost ground. Nikkei and Hang Seng opened better but on the […]
It certainly felt as though Asia was keen to hear what the ECB has in store before making its next move. With most core markets closing weaker many were hoping the ECB would result in their relief. The Nikkei closed down over 1% but then the Yen did appreciate 0.5% in Tokyo trading. As expected, […]
The DXY (Dollar Index) fell below the psychological 90 level today and that seemed to propel Asian stocks, whilst Europe preferred the currency. In Japan however, the Nikkei took the brunt of the selling, closing down (-0.8%) whilst the currency spent much of the day flirting with the 109 level. a gain of roughly […]
Asian markets responded better than US cash did upon the news of settlement between the US House of Representatives and the Senate. The BOJ keeps rates unchanged certainly eased some concerns, but even that news did not spur too much reaction with the Yen/USD exchange rate. The Nikkei closed over the 24k level and is […]
