January 16 in the United States, regular trading was closed, the country celebrated Martin Luther King Day. Futures on US stock indexes declined on Monday, as investors tried to protect their capital, moving away from stocks in favor of safe assets, such as gold and the Japanese yen. Investors remain cautious, after Donald Trump’s disappointing press conference last week and awaiting Trump’s inaugural address Friday. January 16, Azita stock indexes are traded in different directions, as investors tried to remain cautious, in anticipation of today’s performance of Theresa May and the inauguration of the US President on Friday. The growing uncertainty about Donald Trump’s policies has a negative impact on markets that have grown significantly around the world, thanks to speculation that the elected US president will take additional measures to stimulate the economy in the first days after taking office. British Prime Minister Theresa May today will talk about plans to secede from the European Union. Traders fear that as a result of the “tough Brexit”, Britain will lose access to the EU single market, which could lead to a decline in production and capital outflow. The yen, which continues to grow, amid increased demand for safe-haven assets, continues to put pressure on the Japanese stock market, which is showing the greatest decline, among markets in the Asia-Pacific region. Nikkei Stock Average fell by -281.71 points, or -1.48%, ending the session at 18.813.53. The S & P / ASX 200 index in Australia fell by -49.02 points, or -0.85%, to the level of 5,699.42. The Shanghai Composite rose 5.35 points, or 0.17%, to 3,108.77. The Hang Seng Index is growing at 131.49 points, or 0.58%.
USD / JPY: Today, the USD / JPY currency pair quotes continued to decline, breaking through and consolidating below 114.14, amid increased demand for the yen as an asset seeker. The MACD indicator continues to decline, showing the growing potential of bears. Moving averages do not give a clear signal, as the quotes are stuck between MA25 and MA100, while the Stoch indicator went into the oversold zone. There is no maturing divergence, not a single indicator. In this situation, we can expect a continuation of the decline in quotations, in the direction of the level of 111.35 (38.2% Fib).
AUD / USD: In spite of the high wave reversal candle formed yesterday on the daily chart, the AUD / USD quotes resumed their growth, amid a general weakening of the dollar, awaiting inauguration in the United States. The MACD indicator continues to grow, showing the continuing potential of the bulls. Moving averages continue to unfold, after quotes have risen above the MA100. The Stoch indicator is in the overbought zone. The bearish divergence formed on the daily chart, between quotes and Stoch readings, has not yet been worked out. In this situation, it is worth considering two scenarios. So in the case of continued growth and breakdown of the level of 0.7541 (61.8% Fib), the bulls will be able to continue moving north to the level of 0.7645 (78.6% Fib). At that time, if bears can return to the market, breaking through and consolidating below the level of 0.7468 (50.0% in Fib), we can expect continued movement to the south, to work out the level of 0.7395 (38.2% in Fib).
NZD / USD: Today, quotes of the NZD / USD currency pair resumed their growth, after yesterday’s false breakdown and a rebound from 0.7098, amid a weakening dollar awaiting new reports on Trump’s actions as president of the United States. The MACD indicator continues to grow after crossing the zero line, showing the growing potential of bulls. Quotes rose above MA100, which indicates the probability of a trend change. On the daily chart, there is no spent bearish divergence between the quotes, the MACD indicator and the Stoch indicator. In this situation, it is worth considering two scenarios. In case of continued growth and breakdown of the level of 0.7171 (50.0% Fib), the bulls will be able to continue to move north to the level of 0.7246 (61.8% Fib). While in the case of renewed decline in quotations, breakdown and consolidation below 0.7098 (38.2% Fib), bears can continue their downward movement, to work out the level of 0.7007 (23.6% Fib). < / p>
XAUUSD: Today, gold quotes continued to show bullish momentum, amid lingering concerns about Donald Trump’s policies, which increased the demand for asylum assets. The MACD indicator is above the zero line, showing the continuing potential of the bulls, while the Stoch indicator remains in the overbought zone. Moving averages do not give a clear signal, as gold quotes are above MA50 and below MA100, which indicates a possible change in the trend direction. Overcoming divergences are not observed. In this situation, the bulls can continue to move northward, we can expect the continuation of the bullish dynamics, for testing the level of 1218.88 (38.2% Fib).
Review prepared by the analytical department https://www.fortfs.com/en/analytics/review
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