www.varchev.com

Where to look for profits during Asian trade session-24.10.2018

Tokyo downtown

Rating:

12345
Loading...

During the Asian session, there are no important economic news that could push markets significantly. At 03:30 we expect Japan's production PMI data. Expectations are for a slight increase to 52.6 from 52.5. Despite the positive expectations, I do not think that they would support the JPY, as positivism is taking precedence in the last few minutes of stock trading in the US. This, in turn, implies two events during the Asian session, which is devoid of important economic news. Purchase shares and sell Safe Haven tools, such as JPY.

In support of Asian shares, Larry Kudlow's statement was earlier today, stating that Trump will use the G20 meeting to meet Xi Jinping personally. I expect the US willingness to support Asian assets during the Asian Stock Exchange session.

Currently, the most appropriate trade seems to be positioning long with USD/JPY, and any adjustment during the Asian session will be used to add to the long ones.

Photo: Pexels.com


 Trader Petar Milanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy