Nikkei Enters Phase Correction Temporary.
Until the beginning of
the afternoon session in the trading week (Monday, 28/01), the Nikkei
fell -0.68% was observed in the range of 10,852.33, after briefly rising
to 11002.85 due to the weakening yen to new lows. Market participants
also helped increase the selling action after reports of weak earnings
from Fanuc and Hitachi High Technologies. However, the yen weakened,
which drives a bullish stock market trends seem still characterize the
exchange. Recorded Fanuc shares fell by 5.3% and Hitachi High Tech
dropped 11%. While Advantest slumped 4.4% after the report mentions the
possibility of a full-year decline in revenue (FY) today.
Technically, having soared up to the top level of 11,000, the Nikkei index fell due to appear dragged by Stochastic and MACD indicators duration 'hourly' a confirmed bearish. The decline will further support anticipated prisoner then 10 820 10 860 (38.2% Fibonacci retrace) and 10 770. While bullish reversal will take back Nikkei resistant to 10 915 (23.6% retrace) and 10,950 to 11,000. However, Nikkei correction is only temporary (temporary) because of the general index appears bullish for this week because of some key indicators such as Moving Average and the Nikkei Stochastic based daily time-frame look up-trend.
Technically, having soared up to the top level of 11,000, the Nikkei index fell due to appear dragged by Stochastic and MACD indicators duration 'hourly' a confirmed bearish. The decline will further support anticipated prisoner then 10 820 10 860 (38.2% Fibonacci retrace) and 10 770. While bullish reversal will take back Nikkei resistant to 10 915 (23.6% retrace) and 10,950 to 11,000. However, Nikkei correction is only temporary (temporary) because of the general index appears bullish for this week because of some key indicators such as Moving Average and the Nikkei Stochastic based daily time-frame look up-trend.
Above 91.00 yen, Ready Aim High 30 Months
More than 1 hour movement in Tokyo, and the closing of the relevant Australian stock exchange holiday there, Yen opened this week above 91.00 level, last seen at 91.07, down from 91.11 high. Back, Yen is a currency belonging to the most vulnerable among the major currencies, followed by CAD and the strongest when it is the Euro. The yen moved up as much as 0.19% of the weekly closing movement. Without having seen the condition of economic data today, the Yen has been opened on 91.00 and seems to still have the opportunity to continue the current condition, said FXWW founder, Sean Lee, adding that according to the movement of the Yen still has a long-term bullish signal and the next target is at the 50% retracement near the 93.15 area. 9020 is close to the previous high level of support, said Sean Lee. Resistance is high close this session and Friday at 91.11/20, followed by the high June 21, 2010 at 91.47 points and the low 19 April at 91.57. For the movement of the decline, the nearest support is last Thursday's high at 90.70, followed by low Friday / January 21 at the high points and low 90.30/20 January 18 / January 13 high at 89.67 points.
Mix, Asia Haunted by Profit Taking Stock
Asian markets in early trade today (28/01) Japanese stocks managed perched above the level of 11,000 for the first time since April 2010 before returning corrected to the negative zone, while the dollar strengthened against the reported South Korean won. In the currency market, the South Korean won is very significant move. Won weakened against the U.S. dollar related sell South Korean stocks by foreign investors do. Nuclear test conducted by North Korea for the third time affect market sentiment. Markets worried about geopolitical conditions that occurred in Korea, "said Paul Mackel, chief currency analyst at HSBC in Hong Kong.
The U.S. dollar is currently at 1,080.10, compared to 1,074.50 on Friday (25/02) night. The dollar was little changed against the yen today. A weaker yen to be a major contributor to the current Japanese stocks rally despite the exchange rate was higher at the beginning of last week. The strengthening of the dollar by 0.6% against the yen on Friday gave an opportunity for Japan to strengthen exchanges at the beginning of the session with the Nikkei hitting over 11.000 in early trading before profit-taking eroded which led the index into negative zone. Nikkei down 0.3% to 10,860. While Japan's earnings season will begin this week. On Wednesday, Canon Corp.. and Sumitomo Mitsui Financial Group is scheduled to report earnings. Followed by Softbank Corp., Toshiba Corp. and Nomura Holdings on Thursday. Earnings expectations drive the movement of the index in Tokyo. Robotic manufacturing industries, including Fanuc Corp. fell 4.9% after revising down growth outlook. This confirms a drop in profits despite the yen weakened. The company cut its profit outlook for the year ending to March to Y116 billion from Y136 billion.
Hong Kong's Hang Seng Index rose 0.4%, helped by China Mobile, which rose 0.3% - are steady after five sessions, plunging 4.2% on worries over corporate earnings next. The Shanghai Composite Index rose 1.0%. South Korea's Kospi fell 0.5%, with a massive selloff that made foreign investors in the local stock market that suppress large scale. Samsung Electronics fell 2.7% and Hyundai Motor dropped 0.8%. Australia Markets closed for a holiday.
In Asia, the Hang Seng is still outperform Rival
Until the afternoon session at the beginning of this week (Monday, 28/01) Asian markets generally move varied where the Kospi Index - South Korea looks Corrected appear in the negative range, while the Hong Kong bourse record in a positive number. While the Nikkei - Japan today actually managed to penetrate to the level of 11.000, the highest level in 32 months thanks to the weakening yen espicially that records up to 91.25 points. In addition, the Tokyo bourse rebounds was also propped up by the strengthening of Wall Street at the weekend in which the S & P 500 ended in the lid above the level in 1500 and is the longest rally since November 2004. The entire major exchanges in the United States have the 4th straight weekly gain thanks buoyed by improved corporate financial reports above expectations. At the beginning of the trading session, the Nikkei had skyrocketed to a level 11002.89, after finally fell -0.57%, to 10864.08 about or -62.57 points, while Nikkei futures contract dropped as much helped -45 points to 10,865 area after record highs 11 015 in the morning session.
Kospi Index - South Korea resume activities reprieve earlier in the week after the index closed at a low range in the last 8 weeks on Friday mainly because it is affected by a weaker yen and concerns over reports of 'earnings' quarter-4. South Korean investors, a weaker yen would interfere with the prospects for export to foreign countries will be unable to compete with Japanese exporters as the currency weakened, leaving automated products will be cheaper and more salable in the market. Recorded giant Samsung Electronics fell 1.9 percent while still in early trade after touching the lowest close since Nov. 30 on Friday. While the Hang Seng index rebounded 0.46% seen in the range of 23,688.65 after rising earlier in the session to touch the level of 23,736.02, which is the highest intraday level since May 3, 2011. Hang Seng rallied mainly triggered by the strengthening of Wall St. last weekend as well as A-share index rallied Hong Kong today and the strengthening of the Shanghai Composite Index is currently monitored rose more than 1%. In addition, the Hang Seng rallied also helped by 2 percent gain obtained by Hong Kong tycoon - Wharf Holdings and blue-chip consumer China Hengan International.
More than 1 hour movement in Tokyo, and the closing of the relevant Australian stock exchange holiday there, Yen opened this week above 91.00 level, last seen at 91.07, down from 91.11 high. Back, Yen is a currency belonging to the most vulnerable among the major currencies, followed by CAD and the strongest when it is the Euro. The yen moved up as much as 0.19% of the weekly closing movement. Without having seen the condition of economic data today, the Yen has been opened on 91.00 and seems to still have the opportunity to continue the current condition, said FXWW founder, Sean Lee, adding that according to the movement of the Yen still has a long-term bullish signal and the next target is at the 50% retracement near the 93.15 area. 9020 is close to the previous high level of support, said Sean Lee. Resistance is high close this session and Friday at 91.11/20, followed by the high June 21, 2010 at 91.47 points and the low 19 April at 91.57. For the movement of the decline, the nearest support is last Thursday's high at 90.70, followed by low Friday / January 21 at the high points and low 90.30/20 January 18 / January 13 high at 89.67 points.
Mix, Asia Haunted by Profit Taking Stock
Asian markets in early trade today (28/01) Japanese stocks managed perched above the level of 11,000 for the first time since April 2010 before returning corrected to the negative zone, while the dollar strengthened against the reported South Korean won. In the currency market, the South Korean won is very significant move. Won weakened against the U.S. dollar related sell South Korean stocks by foreign investors do. Nuclear test conducted by North Korea for the third time affect market sentiment. Markets worried about geopolitical conditions that occurred in Korea, "said Paul Mackel, chief currency analyst at HSBC in Hong Kong.
The U.S. dollar is currently at 1,080.10, compared to 1,074.50 on Friday (25/02) night. The dollar was little changed against the yen today. A weaker yen to be a major contributor to the current Japanese stocks rally despite the exchange rate was higher at the beginning of last week. The strengthening of the dollar by 0.6% against the yen on Friday gave an opportunity for Japan to strengthen exchanges at the beginning of the session with the Nikkei hitting over 11.000 in early trading before profit-taking eroded which led the index into negative zone. Nikkei down 0.3% to 10,860. While Japan's earnings season will begin this week. On Wednesday, Canon Corp.. and Sumitomo Mitsui Financial Group is scheduled to report earnings. Followed by Softbank Corp., Toshiba Corp. and Nomura Holdings on Thursday. Earnings expectations drive the movement of the index in Tokyo. Robotic manufacturing industries, including Fanuc Corp. fell 4.9% after revising down growth outlook. This confirms a drop in profits despite the yen weakened. The company cut its profit outlook for the year ending to March to Y116 billion from Y136 billion.
Hong Kong's Hang Seng Index rose 0.4%, helped by China Mobile, which rose 0.3% - are steady after five sessions, plunging 4.2% on worries over corporate earnings next. The Shanghai Composite Index rose 1.0%. South Korea's Kospi fell 0.5%, with a massive selloff that made foreign investors in the local stock market that suppress large scale. Samsung Electronics fell 2.7% and Hyundai Motor dropped 0.8%. Australia Markets closed for a holiday.
In Asia, the Hang Seng is still outperform Rival
Until the afternoon session at the beginning of this week (Monday, 28/01) Asian markets generally move varied where the Kospi Index - South Korea looks Corrected appear in the negative range, while the Hong Kong bourse record in a positive number. While the Nikkei - Japan today actually managed to penetrate to the level of 11.000, the highest level in 32 months thanks to the weakening yen espicially that records up to 91.25 points. In addition, the Tokyo bourse rebounds was also propped up by the strengthening of Wall Street at the weekend in which the S & P 500 ended in the lid above the level in 1500 and is the longest rally since November 2004. The entire major exchanges in the United States have the 4th straight weekly gain thanks buoyed by improved corporate financial reports above expectations. At the beginning of the trading session, the Nikkei had skyrocketed to a level 11002.89, after finally fell -0.57%, to 10864.08 about or -62.57 points, while Nikkei futures contract dropped as much helped -45 points to 10,865 area after record highs 11 015 in the morning session.
Kospi Index - South Korea resume activities reprieve earlier in the week after the index closed at a low range in the last 8 weeks on Friday mainly because it is affected by a weaker yen and concerns over reports of 'earnings' quarter-4. South Korean investors, a weaker yen would interfere with the prospects for export to foreign countries will be unable to compete with Japanese exporters as the currency weakened, leaving automated products will be cheaper and more salable in the market. Recorded giant Samsung Electronics fell 1.9 percent while still in early trade after touching the lowest close since Nov. 30 on Friday. While the Hang Seng index rebounded 0.46% seen in the range of 23,688.65 after rising earlier in the session to touch the level of 23,736.02, which is the highest intraday level since May 3, 2011. Hang Seng rallied mainly triggered by the strengthening of Wall St. last weekend as well as A-share index rallied Hong Kong today and the strengthening of the Shanghai Composite Index is currently monitored rose more than 1%. In addition, the Hang Seng rallied also helped by 2 percent gain obtained by Hong Kong tycoon - Wharf Holdings and blue-chip consumer China Hengan International.
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