{"id":14707,"date":"2024-11-22T09:02:20","date_gmt":"2024-11-22T09:02:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14707"},"modified":"2025-02-16T10:55:25","modified_gmt":"2025-02-16T10:55:25","slug":"forex-market-analysis-22-november-2024","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-22-november-2024\/","title":{"rendered":"Forex market analysis: 22 November 2024"},"content":{"rendered":"\n<p>The Nikkei rebounded strongly on Friday, recovering from earlier losses as positive sentiment from Wall Street and broad sector gains lifted the market. Despite a challenging week, the index displayed resilience, with traders watching for signs of a sustained recovery.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Nikkei rebounds with signs of resilience<\/strong><\/h1>\n\n\n\n<p>The Nikkei climbed 1.02% on Friday, closing at 38,301.15 and recovering from a dip below the 38,000 threshold earlier in the session.<\/p>\n\n\n\n<p>Earlier this week, the index hit a low of 37,692.15\u2014its weakest level since 1 November\u2014but the subsequent rally demonstrated its resilience. Despite Friday&#8217;s recovery, the Nikkei remains set for a 1.6% decline over the week.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1.jpeg\" alt=\"\" class=\"wp-image-14708\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1.jpeg 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-300x131.jpeg 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-768x335.jpeg 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-500x218.jpeg 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-400x174.jpeg 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-350x152.jpeg 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-37-1024x446-1-200x87.jpeg 200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Nikkei 225 consolidates near key resistance at 38,500, eyeing a breakout or potential pullback to 38,200, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>From a technical perspective, key support levels lie near 38,200 and 37,700. A break below these points could trigger a deeper pullback, while sustained momentum above 38,500 may push the index towards the next resistance zone around 39,000.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Wall Street boosts sentiment<\/strong><\/h1>\n\n\n\n<p>Japanese equities received a boost from Wall Street&#8217;s strong performance on Thursday. Nvidia\u2019s 0.5% post-earnings rise uplifted the semiconductor sector, contributing to a 1.6% increase in the US semiconductor index.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Nvidia&#39;s AI chip demand still booming but slowing sales growth worries investors <a href=\"https:\/\/t.co\/pltS9v97dG\">https:\/\/t.co\/pltS9v97dG<\/a> <a href=\"https:\/\/t.co\/MGotbFAALF\">pic.twitter.com\/MGotbFAALF<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1859390041945960481?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The positive close for major US indices, with the Dow and the S&amp;P 500 reaching one-week highs, fuelled optimism in Japan.<\/p>\n\n\n\n<p>Semiconductor stocks spearheaded the gains, but refiners also played a key role, surging by 3.25%. Broader market support came from various industries, highlighting a robust recovery.<\/p>\n\n\n\n<p>Out of 225 Nikkei-listed stocks, 172 advanced, reflecting <a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-coming-turbulent-one-103000138.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"widespread optimism\">widespread optimism<\/a>. Many traders viewed the dip below the 38,000 mark as an opportunity for renewed investments.<\/p>\n\n\n\n<p>The rally showcases shifting market sentiment, as both domestic and foreign investors focus on the Nikkei.<\/p>\n\n\n\n<p>While refiners drove substantial gains, other heavyweight sectors contributed to the upward momentum. Across Tokyo\u2019s 33 industry sub-indexes, only three posted losses, with pharmaceuticals underperforming. Daiichi Sankyo and Chugai Pharmaceutical fell by 0.94% and 0.91%, respectively, slightly dampening the overall market gains.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Focus shifts to Central Bank policy<\/strong><\/h1>\n\n\n\n<p>The Nikkei\u2019s recovery above the 38,000 level underscores its resilience in a turbulent week.<\/p>\n\n\n\n<p>Traders are now closely monitoring global equity markets and domestic economic indicators to gauge whether this rebound signals the start of a broader recovery or a temporary pause in the downtrend.<\/p>\n\n\n\n<p>The index\u2019s future movement will largely depend on whether global market catalysts continue to bolster sentiment or if external uncertainties weigh it down further.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nikkei rebounded strongly on Friday, recovering from earlier losses as positive sentiment from Wall Street and broad sector gains lifted the market. Despite a challenging week, the index displayed resilience, with traders watching for signs of a sustained recovery. Nikkei rebounds with signs of resilience The Nikkei climbed 1.02% on Friday, closing at 38,301.15 <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-22-november-2024\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14707","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14707"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}