Japan Machine Orders
It has been quite sometime that I had 'ignored' this blog for a while. Got to be more hardworking in writing my blog ;)
Japan Machine Orders will be released on 8th April at 1.00pm and this is a crucial data that will 'make' or 'break' Nikkei. It is expected to be increased by 2.7% (month to month).
Since Nikkei is heading nowhere now, this piece of information will definitely move the market.
Last month, Machine Orders was expected to be in positive range but the actual result came out to be -2.2%, Nikkei collasped 100 points based on this information.
And I have learnt from my mistake. Never place any orders in the queue or having any positions before the release of any important data. So, on 8th April by 12 noon, I will just watch the market and await for yummmy trades.
Japan Machine Orders will be released on 8th April at 1.00pm and this is a crucial data that will 'make' or 'break' Nikkei. It is expected to be increased by 2.7% (month to month).
Since Nikkei is heading nowhere now, this piece of information will definitely move the market.
Last month, Machine Orders was expected to be in positive range but the actual result came out to be -2.2%, Nikkei collasped 100 points based on this information.
And I have learnt from my mistake. Never place any orders in the queue or having any positions before the release of any important data. So, on 8th April by 12 noon, I will just watch the market and await for yummmy trades.
3 Comments:
however, does the sentiment in US affects nikkei too?
Hi Baluku,
You've got cute name ;)
Yes....definitely but only during MOO (Market opening), Nikkei will either gap up or down, then subsequently Nikkei will follow its own suit. Afterall, it is the world second largest economy.
thanks.:)
i heard the japan machine order is a big event to look out for if you are trading the nikkei. however, seems like the april machine order don't really move the market on the day itself eh?
btw, i consider myself scalper due to not having 'deep' pockets, thus can't really place a stop too far away. sweat...
the japan machine order will be out again tomorrow 13th May 1pm singapore time, really wonder how nikkei will react to the numbers...
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