Nikkei 225 closes up 0.74% at 19,506.54

Positive equity tones as  USDJPY finds a few buyers again 30 Aug high 19538.22 low 19435.10 Topix +0.62% at 1607.65 USDJPY 109.81 just ticking up again Offers/res between 85-00. Demand/support 50-60 In Australia the S&P/ASX200 closed up +0.03% at 5670.90   Article Source

Switzerland July UBS consumption index 1.38 vs 1.30 prior

Index hits highest level so far this yearJune’s reading was revised lower to 1.30 from 1.38.The index is calculated via six consumer-related parameters, being new new car registrations, business activity in the retail sector, number of domestic overnight hotel stays by residents from Switzerland, the consumer sentiment index, employment figures and point of sale credit card […]

CHF finds a few buyers again after strong reversal

CHF pairs dipping again after strong rally yesterday 30 Aug I drew attention yesterday to a couple of key levels of support on USDCHF and EURCHF and they held well. Currently though the strong rally is fading a little but steady and I hope some of you took advantage of the highlight and made a few pips […]

Oil unfazed so far today, levels to look out for

Focus remains on refineries shutting downThe ongoing devastation from tropical storm Harvey is truly crushing indeed. Adam had a post yesterday about how the oil market is turning its focus on the shutdown in refineries and that has led to a drop in WTI the last two days.The commodity is barely changed today and it […]

UK’s May heads to Japan keen to allay Brexit fears

UK PM May has arrived in Japan for trade talks 30 Aug  May’s trip is due to last 3 days. She will be accompanied by International Trade Secretary Liam Fox and a delegation of business leaders drawn from a range of sectors. They will be keen to demonstrate their enthusiasm for new trade agreements with […]

USD/CHF approaching major resistance, prepare to sell

The price is approaching major resistance at 0.9591 (Multiple Fibonacci retracements, horizontal overlap resistance) and we expect a strong reaction off this level for a push down to at least 0.9490 support (Fibonacci retracement, horizontal support). Stochastic (34,5,3) is seeing major resistance at 97% where we expect a corresponding reaction similar to the one we’re […]

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