September 6, most Asian stock markets advanced to the top, amid rising oil prices and lower likelihood of rising interest rates in the United States this month.
At the same time, the Australian stock market was in the red, after the Reserve Bank of Australia left interest rates unchanged, at 1.5%, as was actually expected. The Australian S & P / ASX 200 dropped by -15.98 points, or -0.29%, ending the session at 5.413.60.
The Japanese market grew at a moderate pace, amid a certain disappointment of investors, with yesterday’s speech by the Governor of the Bank of Japan Haruhiko Kuroda.
Yesterday, Haruhiko Kuroda expressed fears that negative central bank rates could undermine confidence in the banking system of Japan, making it clear that he was not ready to expand the incentive program. The Japanese Nikkei Stock Averag gained 44.35 points, or 0.26%, to close at 17,081.98. The Shanghai Composite rose 18.62 points, or 0.61%, ending trading at 3.090.71. Hang Seng is growing at 119.45 points, or 0.51%.
Today, after a false breakdown of the key resistance level of 103.52, the USD / JPY currency pair quotes returned, after which, we can expect the correction to continue down towards the key support level of 101.01. Alternative option. In case of resumption of growth of the USD / JPY pair and the re-breakdown of the key resistance level of 103.52, we can expect the bullish dynamics of the USD / JPY pair to continue, in the direction of the key resistance level of 106.31.
Today, the AUD / USD pair continues to show growth and for the time being there is no reason to talk about the movement reversal. Now, bulls have a good opportunity to continue moving north, in the direction of the key resistance level of 0.7719.
After yesterday’s breakdown and consolidation, quotes of the NZD / USD currency pair, above the level of 0.7296, growth is continuing. While there are no signals to turn the movement and the bulls are likely to continue to move, to test the key resistance level of 0.7416. Alternative option. In case of resumption of decline and the return of quotations of the currency pair NZD / USD, below the level of 0.7296, the bulls will be able to win back part of the lost positions, starting to move in the direction of the key support level of 0.7053.
Today, gold quotes continue to strengthen, again testing for durability, a key resistance level of 329.62, in the case of a breakdown of which, one can expect continued bullish dynamics, to test the next key resistance level of 1357.64. Alternative option. In the case of a rebound of quotes, from the key resistance level of 1329.62, the bears will have a good opportunity to start a downward correction in the direction of the key support level of 1304.32.
Review prepared by Fort Financial Services analytical department. Follow our publications!