Asian stocks bouncing higher on improving sentiment, Nikkei climbing into ¥20,100.00
- Risk appetite is pinned firmly to the 'on' position for Monday.
- Market sentiment is improving as investors await good tidings from US-China trade talks.
Asian equities are on the rise for Monday as investor sentiment experiences a much-needed relief rally, spurring the Pacific session into a continued bounce with broader markets climbing on a dovish US Fed and better-than-expected US NFP data last Friday sparks a risk-on run in stock markets.
Japanese stocks are surging higher on Monday with the Nikkei 225 climbing 2.70% and Tokyo's Topix index running up 2.9%; Japanese equities started the trading year late last week after an extended holiday, and Monday's action is walking back a selloff last week fueled by Japan investors struggling to catch up to 2019's early bearish sentiment swing.
China is rising with a more tentative note, as Hong Kong's Hang Seng index rises 0.85% and Shanghai's CSI 300 lifts 0.30%, although the positive mood in emerging markets is more sedate with the MSCI Asia-Pacific index in the green by just 0.10%. Australia is benefitting from positive sentiment on upcoming US-China trade negotiations however, with the ASX 200 rising 1.15%.
Today Last Price: 20075
Today Daily change: -1.0e+3 pips
Today Daily change %: -0.0498%
Today Daily Open: 20085
Previous Daily SMA20: 20565.5
Previous Daily SMA50: 21351.23
Previous Daily SMA100: 22207.52
Previous Daily SMA200: 22327.84
Previous Daily High: 20215
Previous Daily Low: 19260
Previous Weekly High: 20215
Previous Weekly Low: 19260
Previous Monthly High: 22720
Previous Monthly Low: 19300
Previous Daily Fibonacci 38.2%: 19850.19
Previous Daily Fibonacci 61.8%: 19624.81
Previous Daily Pivot Point S1: 19491.67
Previous Daily Pivot Point S2: 18898.33
Previous Daily Pivot Point S3: 18536.67
Previous Daily Pivot Point R1: 20446.67
Previous Daily Pivot Point R2: 20808.33
Previous Daily Pivot Point R3: 21401.67