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Asian share markets end the week off lows

FXstreet.com (Barcelona) - Nikkei has recovered today a +1.67% at the lunch break in Tokyo from yesterday's -5.25% debacle, adding for more than -10% losses in last 6 trading days. Nikkei index is last at 13800 points, off yesterday's fresh May lows at 13555, down -5.5% for the week, second one in a row in the red.

The Hang-Seng is the only local share market in the negative down -0.03% off session lows, while most of other local share markets are also showing gains like Nikkei following US equity markets with US SP500 posting a +0.37% advance for the day. Shanghai Composite is up +0.29%, Korean Kospi +0.20%, and Australian ASX +0.27%.

Flash:We remain bullish on the broader outlook for USD/CAD – TD Securities

According to Shaun Osborn, Chief FX Strategist at TD Securities, “the USD/CAD has slipped out of the lower end of the bull trend channel that has guided that market higher over the past two weeks.
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Aussie advances capped below 0.9700

After failing to take out overhead resistance near the 0.9700 area, The Aussie is edging lower in Asia trade, falling 32 pips and sitting at 0.9631. Earlier in the session, we saw Private Sector Credit released out of Australia which came in at 3.1% actual vs. 3.0% forecast, but the print did not have a major influence on the pair.
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