USD Positive FX & EQUITIES Backdrop: Fundamental / Technically motivated Market Drivers

As the USD steadies, we see that the NK225 index has just made a weekly new high at 22488.28 though currently trading at an intra-day's Asian session correction at 22420.19, still a in triple digit up change from the previous closing price at 22319.61.

And these strategies have been taken from our trade analysis led by the futures market on the #NIKKEI 225 by effectively trading the NKDM2018 and the relative correlation of Japanese Equity Index and the USD / Yen correlation exchange rate direction.

This simply shows the extent of the 'CORRELATION' between the NIKKEI 225 and the USDJPY moving towards a 109.47 registered high after breaking though 108.80 the previous day. The pressure on the YEN's weakness was more from the USD gaining lost ground assisted by the 10 Year Treasury Yield slightly over the 3% threshold. But seemingly making a corrective move slightly below these levels.

Moving forward a steadier market outlook would be expected as the coverage of the NORKOR's willingness towards  a peaceful Korean peninsula takes place, as a meeting between Kim Jung Un and South Korean President Moon is underway. Which would pave the way for both Washington and North Korea for a dialogue in the upcoming summit.    

A positive USD backdrop from US earnings report, Geopolitical tension and trade war easing from US meeting with China while the ongoing meeting of North and South Koreas takes place. For now, these market conditions are conducive to a more stable financial market that depicts a far better relationship between fundamental and technically motivated  market drivers.