Yesterday was a day off in Japan; financial markets in the country were closed. And in Asia markets stocks traded in different directions. Today, the Hang Seng Index rose by 39.75 points (0.17%). Index S & P / ASX200 fell by 42.87 points (-0.78%). The Shanghai fell by 71.17 points (-2.17%). Now the price of gold is trading near the level of 1229.10. The euro / dollar was fixed near the level of 1.1860. USD / JPY is trading around 118.13. Today in Asia was adjusted upward Aussie against the US dollar, followed by the rise of the yen and gold. In a pair of Aussie / dollar today after testing the resistance around 0.8250 rate fell to 0.8237, said FIBO Group analysts.
In this case, the bids remain near the 0.8250 level, and large buy orders are seen in the 0.8230 and below. Technical analysts note that a break below $ 0.8200 support is needed to be able to talk about shifting focus from 0.8250 to 0.8200 and even below the level of 0.8150. The price of gold tested resistance 1230.00. This was followed by profit taking. Buying gold reflect the current situation of pressure on the US dollar. Experts also are still bears the yen by selling it to the corrections of growth, particularly in the “carry trade” regime.
Analysts say that last Friday the pressure on the dollar had recent statements of officials Fed. A representative of the US Fed, Lacker said that the graphics that increases the level of key interest rates in the United States does not exist. Lacker also noted that the approach of inflation to around + 2.0% is acceptable. It is also noted that some investors began to fix the outcome of a long position in the dollar exchange rate on the eve of public holidays.
Trading recommendations
Last Friday, the US stock indexes moved down. At the same time, the Dow Jones NYSE fell to 170.50 points (-0.95%). The S & P 500 dropped to 17.33 points (-0.84%). The NASDAQ fell to 32.12 points (-0.68%). Last Friday, the Stoxx 50 fell to 92.18 points (-2.94%). The index of the Frankfurt Stock Exchange Xetra DAX fell to 189.11 points (-1.92%). The index of the London Stock Exchange FTSE 100 fell to 68.82 points (-1.05%). Nonfarm payrolls in the US in December amounted to + 252K (forecast was + 240K, the previous value of + 353K), said FIBO Group experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
