{"id":140249,"date":"2019-01-17T11:15:35","date_gmt":"2019-01-17T16:15:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140249"},"modified":"2019-01-17T08:40:46","modified_gmt":"2019-01-17T13:40:46","slug":"nikkei-analysis-increasing-bank-lending-bullish-for-nikkei","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/nikkei-analysis-increasing-bank-lending-bullish-for-nikkei\/","title":{"rendered":"NIKKEI Analysis: Increasing bank lending bullish for NIKKEI"},"content":{"rendered":"
January 17, 2019<\/div>
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By <\/strong>IFCMarkets<\/strong><\/a><\/p>\n

Increasing bank lending bullish for NIKKEI<\/strong><\/p>\n

Japanese bank lending increased in December. Will the NIKKEI<\/a> continue rising?<\/p><\/blockquote>\n

Recent Japanese economic data were positive: while the growth in core machinery orders slowed in November from 4.5% over year in October, it still amounted to 0.8% instead of expected 0.2%. At the same time bank lending increased more than expected: from 2.1% over year in November to 2.4% in December, above expectations of a 2.2% increase. And as Chinese delegation plans to visit Washington in the end of January to continue US-China trade talks and Beijing pledging to provide fiscal and monetary stimulus for its economy to boost the slowing growth, the outlook for global economic growth is being upgraded, adding to investors optimism. Improving business optimism is bullish for NIKKEI.<\/p>\n

\"NIKKEI<\/p>\n

On the daily timeframe the Nikkei: D1<\/b> is rising after hitting 19-mont low in the end of December. The price is above the 23.6 Fibonacci level, this is bullish.<\/p>\n