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Asian stocks pause rally as investors weigh China data, reversing Fed

  • Bullish hopes are evaporating on all fronts, and Asian markets are pausing this week's rally.
  • US-China trade talks, China CPI/PPI figures, and a softening Federal Reserve are all giving investors plenty to worry about.

Asian stock markets have halted this week's rally on bad China data, with a dovish FOMC pushing equity markets back off of their bullish stances. US-China trade talks finished up with little concrete details on the offering, and investors' hopes of progress have given little return.

While the Pacific sector has slowed the bullish pace, Japanese equities are notably off-balance, with the Nikkei 225 index down -1.30% and Tokyo's Topix index retreating -0.85%. In China, sentiment is markedly better despite Chinese CPI/PPI figures missing the mark early today, and Hong Kong's Hang Seng index is middling at 0.05% with Shanghai's CSI 300 up a scant 0.15%, and Aussie markets are keeping pace with China, the ASX 200 lifting a soft 0.30%; emerging markets are notably bullish despite refreshed dovish Fed musings, with the MSCI broad Asia-Pacific index gaining a firm 1.75% for Thursday.

Nikkei 225 Technical Levels

Nikkei 225

Overview:
    Today Last Price: 20150
    Today Daily change: -1.4e+4 pips
    Today Daily change %: -0.666%
    Today Daily Open: 20285
Trends:
    Previous Daily SMA20: 20393.5
    Previous Daily SMA50: 21279.53
    Previous Daily SMA100: 22133.02
    Previous Daily SMA200: 22300.27
Levels:
    Previous Daily High: 20495
    Previous Daily Low: 20190
    Previous Weekly High: 20215
    Previous Weekly Low: 19260
    Previous Monthly High: 22720
    Previous Monthly Low: 19300
    Previous Daily Fibonacci 38.2%: 20306.51
    Previous Daily Fibonacci 61.8%: 20378.49
    Previous Daily Pivot Point S1: 20151.67
    Previous Daily Pivot Point S2: 20018.33
    Previous Daily Pivot Point S3: 19846.67
    Previous Daily Pivot Point R1: 20456.67
    Previous Daily Pivot Point R2: 20628.33
    Previous Daily Pivot Point R3: 20761.67

 

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