郭啟倫

Global markets overview

2015-04-13

Hong Kong Hang Seng Index closed at 27,272.39, up 328.00 points, or 1.22%. The Shanghai Composite Index closed at 4,034.31, up 76.78 points, or 1.94%. SSE Component Index closed at 14,013.34, up 216.61 points, or 1.57%.  Japan Nikkeiclosed at 19,907.63, down 30.09 points, or 0.15%.

               
Hong Kong stock market rose.  China enterprise and financial shares rallied the most and led the rise.  Trading volume retreated, total turnover of HKD $221.1 billion was recorded.

 

China stock marketgained.  The falling inflation rate has been stabilized and boosted the market sentiment.

 

Japan stock market fell slightly.  Drug makers shares fell and led the decline.

 

Three major U.S. stock indexes rose.  Dow Jones Industrial Average closed at 18,057.65, up 98.92 points, or 0.55%.  Standard & Poor's 500 Index was closed at 2,102.06, up 10.88 points, or 0.52%.  The NASDAQ Composite Index closed at 4,995.98, up 21.41 points, or 0.43%.


U.S. stock market closed higher. The worry of an early rate hike relieved which provided a lift to the buying sentiment.

 

Three major European markets also rose.  London's FTSE 100 closed at 7,089.77, up 74.41 points, or 1.06%.  Paris CAC 40 closed at 5,240.46, up 31.51 points, or 0.60%.  Frankfurt DAX closed at 12,374.73, up 208.29 points, or 1.71%.


The three major European markets rallied. Retailers, home builders and healthcare shares rose the most and boosted the market trend.

Investors are still in doubt if the Fed will delay rate hike decision.  Such uncertainty should arouse USD buying interest in order to hedge the uncertainty risk.  USD should be lifted.

                                                      

USD looks bullish in short term.

                                                                                                        

EURO should be finding a supporting and stabilize in short term.  EURO should be boosted.

 

EURO looks bullish except against USD.

                                                         

Investor should be in the selling mode for JPY as the major strategy.  JPY should be suppressed.

 

JPY looks bearish in short term.

 

 

USD vs. major currencies projection

EURO/USD:          Short at 1.0660, take profit at 1.0500, stop loss at 1.0700

USD/JPY:              Long at 119.50, take profit at 121.50, stop loss at 119.10

GBP/USD:             Short at 1.4690, take profit at 1.4550, stop loss at 1.4730

USD/CHF:             Long at 0.9740, take profit at 0.9880, stop loss at 0.9700

AUD/USD:             Short at 0.7720, take profit at 0.7600, stop loss at 0.7760

NZD/USD:             Short at 0.7580, take profit at 0.7440, stop loss at 0.7620

USD/CAD:             Long at 1.2550, take profit at 1.2660, stop loss at 1.2510

 

Cross rates projection

EURO/JPY:           Long at 127.00, take profit at 128.10, stop loss at 126.60

EURO/CHF:          Long at 1.0330, take profit at 1.0450, stop loss at 1.0290

EURO/GBP:          Long at 0.7200, take profit at 0.7310, stop loss at 0.7160

GBP/JPY:              Long at 175.60, take profit at 176.70, stop loss at 175.20

CHF/JPY:              Long at 122.30, take profit at 123.50, stop loss at 121.90

AUD/JPY:              Long at 92.00, take profit at 93.30, stop loss at 91.60

 

(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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