Asian Market

The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses

The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows

China's economy grew at a slower-than-expected annual rate of 4.7% in the last quarter, falling short of the 5.3% growth seen in the first quarter. The National Bureau of Statistics noted that progress this year has been challenging due to weak global economic momentum, persistent inflation, geopolitical conflicts, and insufficient domestic demand. Despite these challenges, the economy achieved a 5% growth rate in the first half of the year, matching…

The BoJ has started normalizing its ultra-easy stance, but progress is slow, so the Yen continues to suffer and JPN225 extends it rally to new records

The Bank of Japan's latest move has left investors feeling perplexed. Despite hints at a shift in policy, the central bank's announcement lacked concrete details, leaving many questions unanswered.

HKG33 extends its losses and tests pivotal technical levels after today’s data showed that China deflationary risks have not gone away, amidst broader uneven recovery

The Japanese index tries to stop the pullback from its record peak, but the BoJ pivot from the ultra-loose setting could fuel further weakness

HKG33 posted its first losing week in more than a month, weighed by geopolitical jitters, while Xiaomi’s strong results did not help either

HKG33 extended its gains helped by Beijing measures to prop the critical real estate market and mostly strong results by Alibaba, JD and Baidu

FXCM’s CHN50 CFD is showing good signs of progress on a primary trend basis. It has broken above its down sloping trendline that has defined price momentum since February 2021, indicating that the downwards momentum has certainly waned. Importantly its trend following indicators which have been in a bearish formation for over two years are looking to cross up (top black ellipse). This positivity is accompanied by an RSI which…

The better than expected growth data from China can’t stop the slump of HKG33, as risk aversion prevails following the new Middle East flare-up