Last Market & Price call on the NK225 dated March 06, 2017 have finally been confirmed with prices breaking above the expected 20k mark in the Asian Trading Session. With a registered high @20230 to this writing, indeed followed suit the price action record highs set in the US Equity Indices market.
All these price action has not been made easy for other investors who had to face a lot of market distractions in geopolitics, other relative fundamentals of the market creating a bearish misdirection. As shown on the circled portion of the chart. Although, these prices have nonetheless been able to navigate through these uncertainties created by full bodied price values on US stocks may lead to corrective moves unexpectedly.
With that said, the #NK225 and the FX #USDJPY markets are now ripe to continue its trajectory moving forward into the end of the 2nd quarter trading. Of course, not without a few bumps along the way. Where we can find that the certainty of a June rate hike in the US. A price recovery for the USD though may be temporary in price action shall remain supportive for the USDJPY. Meanwhile, there will always be some daily pullbacks on these markets heading into the release of NON-FARM figures this Friday in the US session.
Price Action on the NK225 have been both technically & Fundamentally
motivated as described on this chart figure A.
Sustaining the 20k for the Nikkei 225 is a Key factor for Asia Pacific Region
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