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Asian stocks uneasy ahead of Fed's last 2018 rate hike

  • The Pacific sector is struggling to remain on-balance as investors brace for the Fed's last landing of the year.
  • Japan's leading Nikkei 225 hs waffled below the key 21,000.00 handle.

Asian equities are trading thinly, but largely lower as investors brace for the US Federal Reserve's last rate call for 2018, with broader markets awaiting one more lift from the US central bank, and market participants keen to see how dovish the Fed has turned recently, with investors concerned that the Fed may have swung too dovish, dropping expectations for three more rate hikes in 2019.

Japan's Nikkei 225 is backing down, falling -0.70% as the index clips below ¥21,000.00, with Tokyo's Topix index declining -0.60%. China's indexes remain relatively more upright, with Hong Kong's Hang Seng index in the green by 0.11%, while China's Shanghai Composite retreats by -0.40%. Australia's ASX 200 is down a scant -0.16%, and emerging markets remaining off-balance with the MSCI broad Asia-Pacific (excluding Japan) index in the red for -1.12%.

Nikkei 225 Technical Levels

Nikkei 225

Overview:
    Today Last Price: 20960
    Today Daily change: -6.0e+3 pips
    Today Daily change %: -0.285%
    Today Daily Open: 21020
Trends:
    Previous Daily SMA20: 21704.82
    Previous Daily SMA50: 21859.13
    Previous Daily SMA100: 22472.32
    Previous Daily SMA200: 22428.52
Levels:
    Previous Daily High: 21340
    Previous Daily Low: 20990
    Previous Weekly High: 21920
    Previous Weekly Low: 20935
    Previous Monthly High: 22570
    Previous Monthly Low: 21180
    Previous Daily Fibonacci 38.2%: 21123.7
    Previous Daily Fibonacci 61.8%: 21206.3
    Previous Daily Pivot Point S1: 20893.33
    Previous Daily Pivot Point S2: 20766.67
    Previous Daily Pivot Point S3: 20543.33
    Previous Daily Pivot Point R1: 21243.33
    Previous Daily Pivot Point R2: 21466.67
    Previous Daily Pivot Point R3: 21593.33

 

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