This past week, economic data took a backseat to actions being taken by governments to contain the spread of the coronavirus pandemic which has crippled the world. In case you missed it, there was a lot of money involved.
Market Brief: Nikkei 225, Hang Seng Higher as Risk Improves; JPY Strength Across the Board
The Nikkei 225 and other Asian stock indices traded higher today mimicking the performance of Wall Street last night. But the JPY is leading currencies. In fact, EURJPY presents a strong technical setup for a sell.
Market Brief: Nikkei 225, Asian Stocks Post Solid Gains on US Fiscal Package; Time to Buy USDJPY?
The Nikkei 225 closed higher for the third consecutive day. By the end of today’s Asian session, Japan’s stock index was up by 8.04% or 1,454.00 points at 19,546.56. The Shanghai Composite Index was also in the green by 2.13% or 57.867 points at 2,780.338. As for the Hang Seng...
Market Brief: The Fed’s Massive QE Program Boosts Nikkei 225, Hang Seng, and AUDUSD
Asian stocks finished in the green in today’s trading after the Federal Reserve committed to a massive QE program yesterday. The Nikkei 225 finished with a 7.13% or 1,204.57-point profit. Meanwhile, the ASX 200 closed 4.17% or 189.7 points higher at 4,735.7. The Shanghai Composite Index was in the green [...]
Market Brief: Nikkei 225 Up, USDJPY Down as the BOJ Injects More Liquidity
Among the major Asian stock indices, the Nikkei 225 was the only one to finish today’s trading in the green thanks to the BOJ’s additional easing measures. It closed over 2% or 334.95 points higher at 16,887.71....
Market Brief: Stocks Rebound, NZDUSD Higher as RBNZ Ensures Liquidity
Asian stocks managed to rebound today and finished higher as many central banks and governments move to ensure liquidity with extreme monetary and fiscal relief measures. The Bank of England cut interest rates down to 0.1% and also announced the increase of UK government and corporate bonds holdings by £200 [...]
Market Brief: Stocks Lower AUDUSD Hits 2003 Lows
Asian stocks finished lower for one more session as investors are selling everything in panic mood in an attempt to cover in safe-haven cash. Bonds, stocks, commodities and gold sold off aggressively across the globe. Investors liquidating portfolios and raise US dollars as the monetary and fiscal stimulus failed to [...]
Market Brief: Nikkei 225, Hang Seng Down as Global Coronavirus Cases Spiked
It was a bloodbath across Asian equities today as WHO reported a spike in coronavirus cases in the last 24 hours. The Nikkei 225 closed at its lowest level since November 2016 today, at 16,726.48 with a 1.68% loss for the day. Also in the red was the Shanghai Composite [...]
Market Brief: Asian Stocks Steady; AUDUSD Plunges on RBA Emergency Rate Cut Expectations
Asian Equities Steadier Today Japanese and Australian stocks posted modest gains in today’s trading after a few days of aggressive selling. The Nikkei 225 was up by 0.06% at 17,011.46. Meanwhile, the ASX 200 had a 5.83% profit for the day at 5,293.4. Meanwhile, the Hang Seng Index is still...
Market Brief: Fed, BOJ, RBNZ Step Up Stimulus But Nikkei 225, Hang Seng, ASX Extend Losses
As uncertainty around the coronavirus pandemic lingers, central banks have stepped up their stimulus efforts to support their respective economies. However, despite the flood of more market liquidity, Asian equities continued to track lower in today’s trading....
Watch Today’s Market Outlook
Video: Coronavirus Special
March 19, 2020
Video: Coronavirus Special: Key Indicators to Watch, Dow Jones, GBPUSD, DAX Index
Watch the recording of this exclusive webinar as we discuss what may happen next with the coronavirus crisis, and how our Chief Market Strategist, Alex Zambrano, is navigating the markets in his private trading account.
Our Best Trading Ideas for 2020
