Technical Analyst, Saxo Bank
Hang Seng Index closed Thursday above short-term falling trend line and back above 200 daily Moving Average and the 20,000 mark.
RSI has been showing divergence for quite some time indicating an exhaustion of the downtrend. Hang Seng seems set for a correction or trend reversal.
The Index has moved back in to the cloud and could bounce further to the 55 daily Moving Average but a bounce to the upper part of the cloud and the 0.618 retracement at 21,221 should not be ruled out. If that scenario plays out and Hang Seng closes above 21K a new uptrend is established.
If Hang Seng closes below 18,829 downtrend is resuming.
FTSE China A50 future is still trading in a falling channel like pattern but has bounced from support around 12,787. If A50 closes above the upper falling trendline could lead to a move to the lower cloud resistnace and resistance at around 13,651. A close above 13,651 will confirm uptrend towards January peak around 14,445.
However, if A50 fails to close above upper falling trendline the strong support at 12,787 could once again be challenged. A close below is likely to fuel a sell-off down 11,864 with some support at the 0.618 retracement at 12,415.
Japan 225 cfd is short-term very volatile and seems without clear direction. But looking at the bigger picture the it is still range bound between 25,500 and 28,500 in a more and more narrow range. Japan 225 has once again closed below medium-term falling trendline - weekly chart - and could drop to test the lower range. Break out of range is needed for direction.
A close above 28,720 could fuel a rally to strong resistance at around 31,000. A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy