World Stock Markets Today: Positive Opening in Asia Markets, Day Trend Volatile

15 January 2018 (8:06 AM IST)

14 January 2018 (9:36 PM EST)

U.S. stock markets had seen another massive rally on Friday last, before closing for a long weekend.

Asian stock markets have opened with positive numbers across the broad, following the uptrend in U.S. stocks, but today, U.S. stock markets will remain close on Monday for Martin Luther King, Jr Day. That means, the intraday trend in world stock markets will depend on local cues and day trading can turn volatile.

At the time of writing, All major Asian stock indexes are trading in the green, but with only slightly margins. SGX Nifty has gained with there Friday rally in U.S. stock markets and is trading today with high numbers, indicating a higher opening in Indian stock markets today. But, charts are indicating risk signals for SGX Nifty and its intraday trend can become choppy.

U.S. and European stock futures are trading with gains, but currency markets are indicating a trend change in the Dollar index, which can have some impact on global stocks.

After falling continuously, the Dollar index seems to be bouncing back from its major support of 90.50. A recovery in dollar will be negative for smaller currencies and could affect trading in those stock markets that see negative impact of a high dollar.

In European stock markets, DAX (Germany) is still flashing negative signals and is showing weakness on political instability.

Overall, the opening session is positive in world stock markets but the day time trading can become volatile and mixed. For day trading, this would mean that day traders have to go by intraday trend in their local indexes and trade with the short term trend.

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