Michael Moran is an experienced global markets professional who has traded currencies for over 30 years, having worked in dealing rooms of major banks all over the globe.
Nikolas Papas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of Europe’s leading Brokers, as an equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors.
Karthik Subramanian has been a professional trader and fund manager in the stock and FX markets over the past 18 years. During this period, he has worked for many FX brokers and has also worked with major FX related publications.
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Asian stocks finished lower from nine months highs, after worse than expected figures from Japan. Sino-US trade relations were in focus again today as White House economic adviser Larry Kudlow said “very good progress” was being made in talks. The Nikkei225 main index lost 0,89 percent to 22,080, the Hang Seng benchmark in Hong Kong finished 0.46 percent lower at 29,982. Chinese stocks also finished lower, with Shanghai Composite finishing 0.12 percent lower at 3,259, and in Singapore, the FTSE Straits Times index finished 0.17 percent lower at 3,342.
Asian stocks finished higher close to nine months highs, as investors sentiment was supported by strong Chinese industrial production numbers and better GDP data. In Japan, the Nikkei225 main index added 0,25 percent to 22,277, the highest since December 4th, 2018. The Hang Seng benchmark in Hong Kong finished 0.02 percent higher at 30,109.
Asian stocks finished higher to the highest level in nine months, as investors cheer upbeat beginning of the US earnings season. In Japan, the Nikkei225 main index added 0,32 percent to 22,238 the highest since December 4th, 2018, the Hang Seng benchmark in Hong Kong finished 0.68 percent higher at 30,007. Chinese stocks are rallying, with Shanghai Composite finishing 1.55 percent higher at 3,226, and in Singapore, the FTSE Straits Times index finished 0.16 percent higher at 3,329.
Asian stocks finished in positive tones to the highest level in nine months, as investors follow the gains from Wall Street indices on Friday helped by the upbeat beginning of the US earning season by JP Morgan and Wells Fargo. In Japan, the Nikkei225 main index added 1.37 percent to 22,169 the highest since December 4th, 2018. The Hang Seng benchmark in Hong Kong finished 0.02 percent higher at 29,914.
Asian stocks finished in a mixed fashion, as investors digest updates from both the European and US central banks. US President Donald Trump also threatened to impose tariffs on $11 billion of European Union (EU) imports as retaliation on what he claims to be unfair subsidies to Airbus. In Japan, the Nikkei225 main index added 0,69 percent to 21,861, the Hang Seng benchmark in Hong Kong finished 0.30 percent lower at 29,747.
Positive cues from previous session in US Wall Street, upbeat Chinese GDP data helped keep risk appetite high underpinning positive price action in the global market ahead of Wall Street opening today.
Risk Appetite took a hit in European markets despite positive cues from Asian markets. Investors await macro data updates for trading cues amid lack of headlines on geo-political events with price action remaining mostly range bound.
Progress in key geo-political events underpin market bulls influencing positive price action, lack of macro data results in broad based investor sentiment controlling price action in the global market.
While European market is seeing positive price action on upbeat macro data and Brexit delay which supports steady risk appetite, dovish central bank cues continue to hamper progress in major global markets.
Risk appetite improved in European market hours but equities are mixed on cautious investor sentiment in the global market. Investors await macro data updates for short term directional cues.