Breaking News
Get 45% Off 0
Selloff or market correction? Either way, here's what to do next
See Overvalued Stocks

Asia Morning: Santa Rally Slowly Continues

By MarketPulse (Andrew Robinson)Stock MarketsDec 26, 2019 12:03AM ET
www.investing.com/analysis/asia-morning-santa-rally-slowly-continues-200494844
Asia Morning: Santa Rally Slowly Continues
By MarketPulse (Andrew Robinson)   |  Dec 26, 2019 12:03AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
USD/JPY
-0.60%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AUD/USD
-0.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AUD/JPY
-0.95%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JP225
-1.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The few markets that are open on Boxing Day in Asia remained in buoyant mood, extending the theme from before Christmas. U.S. index futures advanced between 0.10% and 0.13%, mostly recouping all of the December 24 losses. The Japan225 index outperformed with gains of 0.36%. China shares were also positive, basking in the aftermath of a rollback of at least some of the import tariffs, rising 0.17% on the day.

In the currency markets, a mild risk-on theme permeated, though volumes were extremely light due to the holidays. AUD/USD rose 0.06% to 0.6928, consolidating its push above the 200-day moving average at 0.6903 this week. The Japanese yen was marginally lower, with USD/JPY up 0.13% and AUD/JPY gaining 0.24%.

AUD/USD Daily Chart
AUD/USD Daily Chart

Minor data day

As you might expect, the data calendar for today is rather sparse, with Singapore’s industrial production for November the possible highlight. That’s expected to rise 1.1% m/m following October’s 3.4% gain. Japan’s housing starts for November are also due, but will probably be ignored.

A holiday in Canada means that the North American calendar is restricted to the U.S. weekly jobless claims (224,000 versus 234,000 last week).

Original Post

Asia Morning: Santa Rally Slowly Continues
 

Related Articles

Asia Morning: Santa Rally Slowly Continues

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email