Markets FX

DAILY MARKET SIGNALS
GBP/JPY Entry: 158.88
Strategy: BUY
Take Profit: 159.73 Stop Loss: 158.43

DAILY MARKET SIGNALS
EUR/JPY Entry: 123.58
Strategy: BUY
Take Profit: 124.11 Stop Loss: 123.18

DAILY MARKET SIGNALS
Crude OiL Entry: 33.75
Strategy: BUY
Take Profit: 34.70 Stop Loss: 32.90

ASIAN MARKETS MIXED AT THE OPEN FOLLOWING CHINESE STIMULUS

March 1

Asian markets are mixed on the stimulus from China yesterday and firming crude prices. The Shanghai Composite opened to gains, but slipped into the red just 15 minutes after the start of trading and is now 0.16% lower.

Hong Kong is headed higher as crude rallies, giving a boost to energy companies. The Hang Seng is currently trading up by 0.87%.

Australian shares are also benefitting from the rise in crude, with the S&P/ASX 200 trading up by 0.34% as Australia heads into the lunch hour.

Japan’s Nikkei is under pressure for a second day in a row, down by 0.13% as investor sentiment has soured on the stronger Yen.