asian shares

Asian Shares Gain as Cautious Market Conditions Prevail Globally

Forex has been tranquil, but the U.S Dollar remains relatively strong. Manufacturing data will be important early this week.

Lack of Conviction among Traders, First Quarter Results Poor

Asian markets have displayed some risk appetite as they have essentially traded on their own since Friday. In early action today the Nikkei Index and Hang Seng composite have added modest gains. Manufacturing and Services data from Japan today came in slightly below estimates. However, early on Saturday, Manufacturing numbers from China were improved. While the European markets will remain mainly closed for the holiday, the U.S markets will open today. Wall Street was able to put in solid gains on Thursday but did finish the first quarter of trading with questionable results. Broad market sentiment globally remains nervous and traders cannot be blamed for lacking conviction.

Extremely Quiet in Forex, U.S Dollar Relatively Strong in Cautious Conditions

The U.S Dollar has remained within its stronger stance since last week. The Euro and Pound have been extremely quiet and until full market volumes return tomorrow investors will remain cautious in forex. Manufacturing and Services data will dominate economic statistics early this week. However, jobs numbers from the U.S which will climax on Friday with the Non-Farm Employment Change figures, and the ultra-important Average Hourly Earnings report will impact forex. The Yen has remained relatively weak early this morning.

Low Volumes Dominating Gold Market, Short Term Trends Can Reverse

Gold has gained slightly this morning in Asian markets. The precious metal is near 1330.00 U.S Dollars. However, thin market action should make traders view results suspiciously as low volumes continue to dominate, meaning short-term trends can reverse rapidly.

U.S Manufacturing Reading Today, Construction Data from States

The U.S will see important Manufacturing Index numbers at 14:00 GMT today, which could prove interesting for traders.

  • 14:00 PM GMT U.S, ISM Manufacturing Index
  • 14:00 PM GMT U.S, Construction Spending

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Published by

Yaron Mazor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology and education. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.