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  • Asian Markets follow US and European lower

Asian Markets follow US and European lower

  • Posted by Jonathan Farrelly
  • Categories News
  • Date July 18, 2019

The markets have all had one thing in common over the last trading day, they are all in the red. Following falls of 116 points on wall Street and earlier losses of 41 and 89 points on the FTSE and DAX respectively, Asian bourses are closing lower.

The Hang Seng is down 170 points whilst the Nikkei225 is down 458 points. As mentioned in yesterdays market comment, trading from the short side is preferred, but with caution.  Opening calls for the FTSE and DAX see them off by 28 and 114 points also. Porr Japanese export data started the decline in Asia.

Worries over trade and earnings are tipping the scales in favour of the short side. Corporate results will take centre stage again today, along with the G7 meetings. Retail Sales numbers in the UK this morning will also receive attention

I remain short GOLD

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Jonathan Farrelly

Previous post

Markets Await Data
16 July, 2019

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Asian Markets Firms
24 July, 2019

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Trading the financial markets can result in large potential gains, but also in large potential losses. You must be aware of the risks at all times and be willing to accept them in order to trade/invest in the markets Any decisions to place a trade is done so at the sole discretion of the student. Please don’t trade with money you cannot afford to lose. Education or information provided by BIZINTRA or its associates is neither a solicitation nor an offer to Buy/Sell CFD’s, Spot, Futures, options or any other leveraged financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any of our material. The past performance of any trading system or methodology is not necessarily indicative of future results.

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