Global equity markets returned to gains after the US bourses closed on a positive noteJohannes Röll 16 / January / 21 Visitors: 7
Although the NASDAQclosed Thursday with a symbolic 0.1% gain, it managed to recover from a nearly 2% intraday downturn.
Most of the purchases were made at the end of the trading session, which reflects the positive mood of largeinvestment funds and allows us to speak about the spread of positive waves to other markets.
The Hong Kong Hang Seng is up 1.5% today, while the China A50 is up 2.3%. Futures for European and Americanindices are also in the green zone today.
In the foreign exchange market, the greatest decline in pairs with the dollar is experienced by the safe havens: theSwiss franc and the Japanese yen. USD / JPY returned to nine-month highs above 109.2 after a brief declinetowards 108. USD / CHF surpassed 0.94 for the first time since July last year, also reflecting a return in demand forrisky assets.
USDJPY returns to nine-month highs above 109.2 USDJPY returns to nine-month highs above 109.2
The single currency now behaves more like a safe haven, retreating on the growth of the market. As a result, thedollar index climbed above the 200-day average.
The single currency now behaves more like a safe haven, retreating as the market rises The single currency nowbehaves more like a safe haven, retreating as the market rises.
Risk-sensitive AUD, NZD, CNH and GBP are stabilizing for the second day in a row after an impressive retreatagainst the dollar. It is worth taking a closer look at the growth of the American currency, since its stablestrengthening can very quickly suppress the optimism of the markets.
The S & P500 has once again received support from buyers in the downturn below the 50-day moving average. Buys took place on higher volumes, further reflecting the confidence of the bulls.
S & P500 once again received buy support on a downturn below the 50-day average S & P500 once again receivedbuy support on a downturn below the 50-day average
These are all signals that promise to form a positive impulse for at least the coming days.
Among the alarming factors, it is necessary to pay attention to the fact that testing of the 50-day moving average isbecoming more frequent.
This increase in profit-taking should be an alarming signal for long-term traders, while short-term speculators maywell remain positive in the coming days.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer