HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

Asian indices are trading in green zone


23 October 2019

Asian indices demonstrate mainly positive dynamics at the beginning of the trading week amid the absence of important news on the market. The People's Bank of China kept the interest rate unchanged at 4.2%. Market reaction was minimal. At the end of the day, the Japanese Nikkei 225 grew 0.25%, the Chinese Shanghai Composite showed a symbolic increase of 0.05%, Hong Kong Hang Seng + 0.02%, South Korean KOSPI + 0.17%.

On Tuesday, the market situation has not changed significantly. Investors reacted neutral to the comments of the representatives of Washington and Beijing on the progress in trade negotiations. Against the background of these statements, it became known that China through the WTO is trying to achieve the introduction of retaliatory measures against the United States due to the sanctions imposed in 2007-2012. The main indices maintained moderately positive dynamics. The Japanese Nikkei 225 did not trade on Tuesday, the Chinese Shanghai Composite grew 0.50 %%, the Hong Kong Hang Seng gained 0.23%, and the South Korean KOSPI jumped 1.28%.

Trading on the foreign exchange market is still very calm. There is no important news in the economic calendar, so trading volatility remains low.

The pair USD / THB at the beginning of the week is trading in a narrow range. Thailand has a day off on Wednesday, so the volatility of the USD / THB movement will remain low. The economic calendar of Thailand this week is no longer important news, so the main driver of the movement will be the US dollar.

The USD / SGD pair has a bearish trend locally, amid widespread decline in the dollar On Wednesday, Singapore will publish data on the consumer price index. On Friday, it is expected to publish important data on the labor market and industrial production.

The pair USD / INR is still trading in a very narrow range. This week there is no important news in the economic calendar of India, so the US dollar will remain the main driver of the USD / INR pair movement.

Share: Tweet this or Share on Facebook


Related

Yen stabilizes as Japan ramps up intervention warning
Yen stabilizes as Japan ramps up intervention warning

Threats of FX intervention help yen to stabilize near three-decade lows. Dollar and stocks take a step back, Bitcoin jumps in anticipation of halving. Shortage of liquidity could be an important market theme this week.

26 Mar 2024

Stocks at fresh records even as dollar bounces back
Stocks at fresh records even as dollar bounces back

Wall Street leads rally in equity markets, fuelled by rate cut optimism. US dollar stages surprise rebound amid US exceptionalism. Pound slides on BoE's dovish tilt, yen steadies, PBOC loosens grip on yuan.

22 Mar 2024

Dollar rises as Fed enters spotlight, yen plummets
Dollar rises as Fed enters spotlight, yen plummets

US dollar gains as traders brace for hawkish Fed. Yen tumbles despite BoJ's historic decision. Loonie slides on cooler than expected Canadian inflation. Wall Street gains ahead of Fed, oil extends advance.

20 Mar 2024

BoJ hikes, scraps yield curve control, but yen slumps

BoJ ends negative rates and yield curve control in historic move, but yen can't catch a break as Ueda signals ongoing accommodative stance.

19 Mar 2024

Dollar recovers, equities stall after US data releases
Dollar recovers, equities stall after US data releases

Dollar stages comeback as US data fuels speculation of fewer Fed cuts. Stocks and Bitcoin take a step back, oil climbs after Ukraine drone attacks. Yen traders play the guessing game ahead of next week's rate decision.

15 Mar 2024

US PPI and retail sales data enter the limelight
US PPI and retail sales data enter the limelight

After hot CPI inflation, dollar awaits PPI and retail sales data. Yen on the back foot as BoJ March hike bets decrease - S&P 500 and Nasdaq pull back, gold rebounds

14 Mar 2024


Forex Forecasts

MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.