Forex Signal, Asian Stocks End Mixed Despite
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Forex Signal, Asian Stocks End Mixed Despite –
- Asian stocks pared gains into the close, with some slipping into the red
- Some strong economic numbers from the region’s biggest players lifted the early mood
- China announced a bond trading link between Hong Kong and the mainland
The survey of Chinese manufacturing from Caixin found output at a three-month high in June, while Japan’s official ‘tankan’ snapshot of business sentiment showed levels of cheer at their highest for more than three years.
Stocks in Tokyo, Shanghai and Hong Kong ended the session higher, if not by much. Technical Analysis Japan The Nikkei 225 closed up 0.1%. Australia’s ASX 200 couldn’t hold its gains into the close and neither could South Korea’s Kospi. Are a beginner trader who wants to get into the foreign exchange market with USD/JPY? If so, you may want to first start out by using forex trading signals. Koin our Forex Signals SMS Service.
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Trade was possible proximity of the US Independence Day break.
The US Dollar inched up from the nine-month lows it plumbed last week against a basket of its wide peers. However recent, more-hawkish commentary from developed-market central bankers in the Euro-zone, UK and Canada have kept their currencies well supported against the greenback. There was little discernible Yen impact from Sunday’s hammering of Prime Minister Shinzo Abe’s ruling party in Tokyo’s regional elections. The vote had been called a referendum on Abe’s leadership and, if so, he received a big thumbs down. Beyond Abe stating that he will listen carefully to voters, it remains to be seen what the result will mean for Japanese politics.
Crude oil prices edged up but remained well shy of $50//barrel on news of the first drop in US drilling-rig numbers for 23 weeks. Spot gold prices were near flat through the Asian session.
The rest of the global session will offer investors Bank of England Governor Mark Carney’s assessment of the work of the UK Financial Stability Board. They’ll also get a look at the US manufacturing index from the Institute for Supply Management, along with its UK Purchasing Managers Index equivalent and the official Eurozone unemployment rate for May.