Advertisement
Advertisement

Nikkei Forecast May 6, 2016, Technical Analysis

By:
Christopher Lewis
Published: May 6, 2016, 05:06 UTC

The Nikkei rose slightly during the course of the session on Thursday, as we continue to meander around the ¥16,000. However, with the Nonfarm Payroll

Nikkei daily chart, May 6, 2016

The Nikkei rose slightly during the course of the session on Thursday, as we continue to meander around the ¥16,000. However, with the Nonfarm Payroll Numbers coming out during the day today, it will more than likely move the Nikkei drastically on Monday. After all, the Japanese don’t have the opportunity to react to this number so today will more than likely be very quiet and it’s difficult to imagine that the market will be ready to go higher or even lower at this point in time. Because of this, we are simply observing at this moment.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement