We're your best review guide

Global equity markets returned to gains after the US bourses closed on a positive note

Markets found support after pullback Johannes Röll Visitors: 323

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
Johannes Röll

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

Comments 0

Recent Projects

Markets found support after pullback

Tax havens for Forex trading: how to legally save on taxes

In this article we take a look at some of the low tax countries that may be of interest to those looking for ways to reduce their tax liability by trading Forex.

Markets found support after pullback

Forex trading and commodities trading: Forex or commodities?

This article discusses the main differences between commodities trading and Forex trading, as well as factors to consider when choosing a market to trade.

Markets found support after pullback

Are Renko charts profitable?

Renko charts are a type of technical analysis chart that is used by traders to chart price movements in various markets, focusing on price movements.

Markets found support after pullback

Information sources for investment education

First, you must decide how much time, effort and money you are willing to invest in learning and investing. The more active you trade, the more knowledge and skills you will need.

Markets found support after pullback

Introduction to Weekend Forex Trading

If you are interested in the Forex market and are already familiar with the concept of exit trades, you are probably wondering how they work and how to respond to them. There is no denying that exit trades present unique opportunities and risks for traders. In this article, we will look at how Forex trading works over the weekend and what strategies can help you meet this challenge.

Markets found support after pullback

Investments and stocks: how to choose the right one and make money in the market?

Investments and stocks are one of the most popular ways for many people to make money. But how do you choose the right stocks and invest in them to maximize your profits? In this article, we'll tell you how to choose the best stocks and how to properly invest in them.