DOW JONES, HANG SENG INDEX, ASX 200 INDEX REVIEWS:
- Dow Jones, S&P 500 and Nasdaq 100 indices closed at -0.30%, -0.09% and + 0.16%, respectively
- Cyclical sectors withdrew due to growing viral concerns and falling energy prices. The DXY The US dollar index rose to a two-week high after a strong rise NFP
- APAC market futures are slightly higher
The Dow Jones The industry average pulled back from an all-time high on Monday as investors remained on the rise Delta variant cases worldwide and at the fastest possible pace Narrowing food incentive. Much stronger than expected July non-farm wages data indicated a resilient U.S. labor market, despite the resurgence of the virus, suggesting that Fed officials are gradually maturing to begin a debate on a tightening schedule. Steep diving gold prices on Monday, Asia-Pacific, this outlook may have been reflected.
WTI crude oil price fell to a three-week low of $ 67.00, pulling the energy sector (-1.67%) lower. Defense consumer staples (+ 0.38%) outperformed, indicating a cautious start to APAC opening. The DXY US Dollar Index extended Friday’s gains and may test key levels today at 93.00, putting pressure on precious metals, commodities and ASEAN currencies.
In Chinamillions of people have passed Covid tests due to travel restrictions in many cities, the country is trying to fight a new wave of viral outbreaks caused by infectious diseases Delta variant. About 125 new confirmed infections were reported on Sunday, most of them found in the city center Zhengzhou and the eastern city Yangzhou. Efforts to prevent the spread of the virus could point to slower economic activity and softer energy needs in the coming months.
Gold prices – every day
Asia-Pacific markets is a positive start to the day. Futures in Japan, mainland China, Australia, Hong Kong, Taiwan, Singapore, Malaysia and Thailand are green, while South Korea and India are slightly lower.
Hong Kong’s Hang Seng Index (HSI) rose 0.40% on Monday, boosted by Tencent (+ 1.76%) and HSBC (+ 1.39%). Alibaba fell 2.48% after one of its executives was investigated for sexual assault on a female worker. The unions recorded a net inflow of HK 3.45 billion in the south on Monday (chart below), reflecting more continental buyers returning to the Hong Kong market to hunt for a bargain price. However, ongoing regulatory risks may be in the minds of investors.
Source: Bloomberg, DailyFX
Looking back at the end of Monday, 7 of the seven sectors of the Dow Jones ended lower, with 67.7% of index voters closing in the red. The worst performers were energy (-1.67%), healthcare (-0.67%) and information technology (-0.57%), while basic consumer goods (+ 0.38%) and finance (+ 0.20%). showed a small increase.
Dow Jones Performance of the sector 08.08.2021
Source: Bloomberg, DailyFX
Dow Jones Index Technical Analysis
The Dow Jones index exceeded the key resistance level above 34,920, opening the door to further gains. Prices remain in the uptrend, as shown in the graph below, suggesting that the overall trend remains biased. The sharp difference in MACD indicates that the rate of increase may still weaken.
Dow Jones Index – Everyday Diagram
Technical analysis of the Hang Seng index:
The Hang Seng index changed within the range after a sharp decline at the end of July. The near-term trend is likely to have turned positive after the MACD indicator formed a bullish crossover. A successful breach that exceeds the immediate resistance level at 26,650 may signal a further increase, while an interruption below 25,750 support may cause the opposite.
Hang Sengi index – daily schedule
ASX 200 Technical analysis of the index:
The ASX 200 index has exceeded the key resistance level at 7500 – a 200% Fibonacci extension. The overall trend remains bullish, as suggested by the successive higher and lower rises in recent months. The MACD indicator showed an upward trend and rose higher, indicating that the rate of increase is gaining momentum.
Index ASX 200 – daily schedule
– Wrote DailyFX.com strategist Margaret Yang
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