郭啟倫

Global markets overview

2015-04-22

Global markets overview

Hong Kong Hang Seng Index closed at 27,850.49, up 755.56 points, or 2.79%.  The Shanghai Composite Index closed at 4,293.62, up 76.54 points, or 1.82%.  SSE Component Index closed at 14,439.00, up 567.40 points, or 4.09%.  Japan Nikkei closed at 19,909.09, up 274.60 points, or 1.40%.

                                                                                                       
Hong Kong stock market rallied. 
Industrial & commercial and China enterprise shares faced a buying spree and led the rise.  Trading volume declined, total turnover of HKD $182.9 billion was recorded.

                        
China stock market rose significantly.  Market atmosphere was boosted by the high expectation of further stimulus measures from PBOC.

 

Japan's stock market closed with a gain.  Investors expected strong corporation earnings report.  Buying sentiment was lifted.

 

Three major U.S. stock indexes moved separatelyDow Jones Industrial Average closed at 17,949.59, down 85.34 points, or 0.47%.  Standard & Poor's 500 Index was closed at 2,097.29, down 3.11 points, or 0.15%.  The NASDAQ Composite Index closed at 5,014.10, up 19.50 points, or 0.39%.


U.S. stock market performed differently.  Blue chips companies’ earnings report was unsatisfactory; the Dow and S&P 500 were dragged down.  NASDAQ closed higher.


Three major European markets climbedLondon's FTSE 100 closed at 7,062.93, up 10.80 points, or 0.15%.  Paris CAC 40 closed at 5,192.64, up 5.05 points, or 0.10%.  Frankfurt DAX closed at 11,939.58, up 47.67 points, or 0.40%.


The three major European markets gained.  Corporation earnings report was better than expected; which boosted the buying sentiment.

                                                      

USD should be finishing the current consolidation and move back up in a gradual pace.

 

USD looks bearish except against JPY, CHF and CAD.

                                                                                                        

The economic sentiment of Euro zone in April is better than expected and last time.  EURO should be boosted.

 

EURO looks bullish except against GBP.

                                                         

The trade surplus of Japan in March increased significantly.  Investors will hope for a weaker JPY can boost Japan’s export.  JPY should be suppressed.

 

JPY looks bearish in short term.

                                                                                               

 

USD vs. major currencies projection

EURO/USD:           Long at 1.0660, take profit at 1.0810, stop loss at 1.0620

USD/JPY:              Long at 119.30, take profit at 120.50, stop loss at 118.90

GBP/USD:             Long at 1.4880, take profit at 1.5020, stop loss at 1.4840

USD/CHF:             Long at 0.9510, take profit at 0.9620, stop loss at 0.9470

AUD/USD:             Long at 0.7700, take profit at 0.7850, stop loss at 0.7660

NZD/USD:             Long at 0.7630, take profit at 0.7760, stop loss at 0.7590

USD/CAD:             Long at 1.2220, take profit at 1.2360, stop loss at 1.2180

 

Cross rates projection

EURO/JPY:Long at 128.00, take profit at 129.10, stop loss at 127.60

EURO/CHF:          Short at 1.0210, take profit at 1.0310, stop loss at 1.0180

EURO/GBP:         Short at 0.7220, take profit at 0.7120, stop loss at 0.7260

GBP/JPY:              Long at 178.20, take profit at 179.40, stop loss at 177.80

CHF/JPY:              Long at 125.00, take profit at 126.20, stop loss at 124.60

AUD/JPY:              Long at 91.90, take profit at 93.30, stop loss at 91.50

(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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