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Asian Markets Lower


Asian Markets Lower

Both the Nikkei225 and Hang Seng are heading for lower closes as we currently see the indices down by 97 and 209 points respectively. Massive street protests in Hong Kong are continuing to unnerve the local markets but we have seen a recovery off the lows today.

Oil is trading at a five month low.

Whilst I was looking for a little more clarity over the leadership race in the United Kingdom  we have seen increased Brexit uncertainty as British lawmakers defeated an attempt by the Labour Party to block a no deal Brexit by seizing control of the parliamentary agenda from the government. Whilst this may not have been the anticipated move it has provided the opportunity to buy on dips.

I remain long GBP/USD at similar levels to those trading this morning.

Opening calls for the FTSE and DAX see us lower by 10 and 26 points respectively.

Still looking to sell into rallies on the Indices

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