NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
- Dow Jones, S&P 500 and Nasdaq 100 closed +0.06%, -0.67% and -1.85% respectively
- Janet Yellen’s rate of interest feedback sparked contemporary tapering fears, boosting the US Greenback
- Futures in Australia and Hong Kong are positioned for losses following a bitter Wall Road lead
Tech Pullback, Janet Yellen, USD, Asia-Pacific at Open:
Nasdaq 100 index fell 1.85% on Tuesday as profit-taking ramped up on contemporary tapering fears. US Treasury Secretary Janet Yellen mentioned rates of interest could must rise reasonably to maintain the economic system from overheating. Her phrases echoed feedback from Dallas Fed president Robert Kaplan on the finish of final week, who mentioned it’s time to start out debating a discount in bond purchases amid indicators of extreme risk-taking.
Though Fed Chair Jerome Powell reiterated that present financial coverage is acceptable and inflation stress could also be transitory, a slew of strong financial knowledge ignited tapering speculations not too long ago. The central financial institution may have to contemplate withdrawing its asset buying program sooner to forestall asset bubbles and inflation overheat. Yellen and Kaplan’s feedback strengthened tapering speculations, fueling one other wave of sectoral rotation from development into worth shares. Mrs. Yellen later clarified that she was not forecasting rate of interest hikes. Expertise sector might be extra susceptible towards the headwind, attributable to lofty valuations and sensitivity to rate of interest modifications.
Prime 10 Shares by Market Cap within the Nasdaq 100
Supply: Bloomberg, DailyFX
Asia-Pacific markets are going through a difficult day forward, with futures throughout Australia, Hong Kong, Taiwan, Singapore, India and Thailand are pointing to a decrease begin. Inventory exchanges in China, Japan and South Korea are shut for public holidays. The viral resurgence in India and its neighboring international locations stays a significant concern for Asia-Pacific buyers. This will likely put up a significant development and reopening threat to the South and Southeast Asia area.
The Dangle Seng Index (HSI) appears set to open down greater than 1% on Wednesday morning, futures market exhibits. Buying and selling quantity on the HKEX shrunk significantly this week attributable to an absence of individuals from mainland China. Expertise corporations together with Alibaba, Tencent, Meituan and Xiaomi appear to be essentially the most inclined to a selloff following a bitter US lead.
Australia’s ASX 200 index opened marginally larger, led by supplies (+0.38%), vitality (+0.06%) and financials (+0.01%) sectors. Data expertise (-1.19%) and shopper discretionary (-0.21%) lagged behind. Sentiment was lifted by a sturdy jobs report from New Zealand, because the unemployment price fell to 4.7% within the first quarter. Each the New Zealand and Australian {Dollars} rebounded reasonably towards the US Greenback after the info launch.
On the macro facet, a string of Eurozone composite PMI print headlines the financial docket alongside US ADP employment modifications and EIA crude stock report. Discover out extra from theDailyFX calendar.
Nasdaq 100 Index Technical Evaluation
The Nasdaq 100 index broke under a direct help stage of 13,715 (the 100% Fibonacci extension) with robust bearish momentum. A big bearish candlestick shaped on Tuesday means that promoting stress is prevailing and a deeper pullback could comply with on. A key help stage might be discovered at 13,300 – the 61.8% Fibonacci extension. The MACD indicator shaped a bearish crossover and trended decrease, suggesting that downward momentum is dominating.
Nasdaq 100 Index – Every day Chart
Dangle Seng Index Technical Evaluation:
The Dangle Seng Index (HSI) breached under the “Ascending Triangle” as highlighted on the chart under, suggesting that the index could have resumed its downward trajectory. An instantaneous help stage might be discovered at 28,334 – the 23.6% Fibonacci retracement. Breaking this stage could open the door for additional losses with an eye fixed on 27,480 – the earlier low. The MACD indicator shaped a bearish crossover and trended under the impartial midpoint, suggesting that downward momentum is prevailing.
Dangle Seng Index – Every day Chart
ASX 200 Index Technical Evaluation:
The ASX 200 index is difficult a direct resistance stage at 7,071 (the 100% Fibonacci extension) for a 3rd try. Breaching this stage could expose the subsequent key resistance of seven,260 – the 127.2% Fibonacci extension. A pullback from right here could result in a check of the ceiling of the “Ascending Channel” that it broke beforehand. The MACD indicator shaped a bearish crossover and trended decrease, suggesting that bullish momentum is fading.
ASX 200 Index – Every day Chart
— Written by Margaret Yang, Strategist for DailyFX.com
To contact Margaret, use the Feedback part under or @margaretyjy on Twitter
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Nasdaq 100 Tumbles as Yellen Feedback About Fee Hikes, Dangle Seng and ASX 200 Might Fall
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:Dow Jones, S&P 500 and Nasdaq 100 closed +0.06%, -0.67% and -1.85% respectively Janet Yellen’s ra
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Tech Pullback, Janet Yellen, USD, Asia-Pacific at Open:
Nasdaq 100 index fell 1.85% on Tuesday as profit-taking ramped up on contemporary tapering fears. US Treasury Secretary Janet Yellen mentioned rates of interest could must rise reasonably to maintain the economic system from overheating. Her phrases echoed feedback from Dallas Fed president Robert Kaplan on the finish of final week, who mentioned it’s time to start out debating a discount in bond purchases amid indicators of extreme risk-taking.
Though Fed Chair Jerome Powell reiterated that present financial coverage is acceptable and inflation stress could also be transitory, a slew of strong financial knowledge ignited tapering speculations not too long ago. The central financial institution may have to contemplate withdrawing its asset buying program sooner to forestall asset bubbles and inflation overheat. Yellen and Kaplan’s feedback strengthened tapering speculations, fueling one other wave of sectoral rotation from development into worth shares. Mrs. Yellen later clarified that she was not forecasting rate of interest hikes. Expertise sector might be extra susceptible towards the headwind, attributable to lofty valuations and sensitivity to rate of interest modifications.
Prime 10 Shares by Market Cap within the Nasdaq 100
Supply: Bloomberg, DailyFX
Asia-Pacific markets are going through a difficult day forward, with futures throughout Australia, Hong Kong, Taiwan, Singapore, India and Thailand are pointing to a decrease begin. Inventory exchanges in China, Japan and South Korea are shut for public holidays. The viral resurgence in India and its neighboring international locations stays a significant concern for Asia-Pacific buyers. This will likely put up a significant development and reopening threat to the South and Southeast Asia area.
The Dangle Seng Index (HSI) appears set to open down greater than 1% on Wednesday morning, futures market exhibits. Buying and selling quantity on the HKEX shrunk significantly this week attributable to an absence of individuals from mainland China. Expertise corporations together with Alibaba, Tencent, Meituan and Xiaomi appear to be essentially the most inclined to a selloff following a bitter US lead.
Australia’s ASX 200 index opened marginally larger, led by supplies (+0.38%), vitality (+0.06%) and financials (+0.01%) sectors. Data expertise (-1.19%) and shopper discretionary (-0.21%) lagged behind. Sentiment was lifted by a sturdy jobs report from New Zealand, because the unemployment price fell to 4.7% within the first quarter. Each the New Zealand and Australian {Dollars} rebounded reasonably towards the US Greenback after the info launch.
On the macro facet, a string of Eurozone composite PMI print headlines the financial docket alongside US ADP employment modifications and EIA crude stock report. Discover out extra from theDailyFX calendar.
Nasdaq 100 Index Technical Evaluation
The Nasdaq 100 index broke under a direct help stage of 13,715 (the 100% Fibonacci extension) with robust bearish momentum. A big bearish candlestick shaped on Tuesday means that promoting stress is prevailing and a deeper pullback could comply with on. A key help stage might be discovered at 13,300 – the 61.8% Fibonacci extension. The MACD indicator shaped a bearish crossover and trended decrease, suggesting that downward momentum is dominating.
Nasdaq 100 Index – Every day Chart
Dangle Seng Index Technical Evaluation:
The Dangle Seng Index (HSI) breached under the “Ascending Triangle” as highlighted on the chart under, suggesting that the index could have resumed its downward trajectory. An instantaneous help stage might be discovered at 28,334 – the 23.6% Fibonacci retracement. Breaking this stage could open the door for additional losses with an eye fixed on 27,480 – the earlier low. The MACD indicator shaped a bearish crossover and trended under the impartial midpoint, suggesting that downward momentum is prevailing.
Dangle Seng Index – Every day Chart
ASX 200 Index Technical Evaluation:
The ASX 200 index is difficult a direct resistance stage at 7,071 (the 100% Fibonacci extension) for a 3rd try. Breaching this stage could expose the subsequent key resistance of seven,260 – the 127.2% Fibonacci extension. A pullback from right here could result in a check of the ceiling of the “Ascending Channel” that it broke beforehand. The MACD indicator shaped a bearish crossover and trended decrease, suggesting that bullish momentum is fading.
ASX 200 Index – Every day Chart
— Written by Margaret Yang, Strategist for DailyFX.com
To contact Margaret, use the Feedback part under or @margaretyjy on Twitter
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