Market wrap - Nikkei AUDUSD NZDUSD Natural Gas surge.
Market wrap - Nikkei AUDUSD NZDUSD Natural Gas surge.
Equities
The Nikkei in Tokyo rose 2% after Prime Minister Yoshihide won’t run for the party leadership post, which means the country will see a new leader elected. He served just 1 year as Prime Minister.
NASDAQ continued to reach new highs.
Currencies
US dollar - Poor US employment-related figures sent the greenback down across the board. The RBA will meet this week, will probably maintain a dovish stance. AUD & NZD/USD are set to extend their advance in the upcoming days.
Commodities
- U.S. Gulf Coast energy companies on Saturday got a boost from the reopening of ports and restart of oil refineries shut by Hurricane Ida, but damage to key facilities still crimped oil production.
Focus on the NIKKEI (Japan225 Index)
15 min chart broke above the MA200 early in the week, and continued skyrocketing above our breakeven profitability level. We entered contracts 3 times since opening. Our first 5 contracts were entered back in early April, then 2nd round on April 30 and 3rd set of contracts July 20
On the daily chart since opening at the start of 2007, multiple contracts were entered averaging down until we finally closed out in March 2013. Again this week price broke above the MA200 levels with the latest 5 contracts showing profitability so far.
We will keep an eye on this index and look forward to a close soon if the trend continues.
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