The start of Asian session for stocks didn't fair out well as the JPN225 decline to its low @18430 as of this writing. Indirectly due to investors staying away from risky assets and relative to the Middle-East tensions between Saudi Arabia and Iran.
The contagion in Asia is wide spread as the weak economic data from China led a similar drop in the HSI.
The market situation have initially lifted the USD trade weighted index at the Asian session, in contrast with the USDJPY which gained strength @119.65. For a complete analysis & insight, click on the link below.
Market Insight: DXY GBP EUR Cross Rates - JPY & JPN225
The Business of 'Making the Right Trading Decisions' for 2016 and Beyond!
"A similar market situation can be made or created within the new trading year and an overlaying new contract month which at most times can define or establish a new "high or low" simply based on the weeks and months traded.".
by Alexander dated January 01, 2016
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