郭啟倫

Global markets overview

2015-02-04

Global markets overview Hong Kong Hang Seng Index closed at 24,554.78, up 70.04 points, or 0.29%. The Shanghai Composite Index closed at 3,204.91, up 76.61 points, or 2.45%. SSE Component Index closed at 11,209.19, up 246.05 points, or 2.24%. Japan Nikkei closed at 17,335.85, down 222.19 points, or 1.27%.

Hong Kong stock market closed higher. Positive market atmosphere followed the rising European and U.S. stock markets on previous night. Trading volume was light, total turnover of HKD $80.3 billion was recorded.

China stock market rallied significantly. Financial and energy shares faced a buying spree and led the rise.

Japan's stock market declined. Investment atmosphere was suppressed by the rising movement of JPY.

Three major U.S. stock indexes rose. Dow Jones Industrial Average closed at 17,666.40, up 305.36 points, or 1.76%. Standard & Poor's 500 Index was closed at2,050.03, up 29.18 points, or 1.44%. The NASDAQ Composite Index closed at 4,727.74, up 51.05 points, or 1.09%. U.S. stock market rallied. Investors continued their buying spree for energy shares which led the rise.

Three major European markets also rose. London's FTSE 100 closed at 6,871.80, up 89.25 points, or 1.32%. Paris CAC 40 closed at 4,677.90, up 50.23 points, or 1.09%. Frankfurt DAX closed at 10,890.95, up 62.94 points, or 0.58%.

The three major European markets also climbed. Investors expected the Greece debt switching idea will be accepted. Market sentiment was lifted. Since the latest economic figures results of U.S. are unsatisfactory, the expectation of a postponed rate hike will limit the buying USD need to hedge rate hike risk. USD should be suppressed. USD looks bearish except against JPYand CAD. EURO should be in a consolidation stage at this point and may rebound briefly. EURO should be boosted. EURO looks bullish except JPY. The labor cash earnings of Japan in December rose. JPY should get a support from such result. JPY looks bullish except against USD. USD vs.

major currencies projection

EURO/USD: Long at 1.1400, take profit at 1.1530, stop loss at 1.1360
USD/JPY: Long at 117.20, take profit at 118.60, stop loss at 116.80
GBP/USD: Long at 1.5100, take profit a 1.5210, stop loss at 1.5060
USD/CHF: Short at 0.9300, take profit at 0.9180, stop loss at 0.9340
AUD/USD: Long at 0.7720, take profit at 0.7870, stop loss at 0.7680
NZD/USD: Long at 0.7270, take profit at 0.7470, stop loss at 0.7230
USD/CAD: Long at 1.2370, take profit at 1.2490, stop loss at 1.2330

Cross rates projection

EURO/JPY: Short at 135.70, take profit at 134.20, stop loss at 136.10
EURO/CHF: Long at 1.0530, take profit at 1.0690, stop loss at 1.0500
EURO/GBP: Long at 0.7530, take profit at 0.7640, stop loss at 0.7490
GBP/JPY: Short at 179.10, take profit at 177.80, stop loss at 179.50
CHF/JPY: Short at 128.00, take profit at 126.50, stop loss at 128.40
AUD/JPY: Short at 92.30, take profit at 91.00, stop loss at 92.70

(The above displayed are just writers’ own opinions and for readers’ reference only. Financial markets are volatile and please be careful of the risks.)NOTICE

Investment involves risk. It is as likely that losses will be incurred rather than profits made as a result of buying and selling investment and financial products. Before investment, you should be aware of all the risks involved and carefully consider your investment objectives, trading experience, and level of risk acceptance. If you have any question, please seek advice from an independent professional advisor.

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