Asian markets surge while forex traders brace for Fed decision

Fidelity

Asia’s equity markets are extending their impressive rally, with the Chinese Hang Seng Index (HSI) leading the charge. Investors are closely monitoring the EUR/USD pair, which maintains a bullish trend above 1.1241, ahead of the US Federal Reserve’s policy meeting. Meanwhile, Bitcoin remains subdued below the \$95,000 mark, and the US Dollar shows minor gains.

Asian stock markets continue their upward trajectory, outperforming their global and US counterparts. The HSI’s notable gains are a testament to the region’s economic resilience. However, as these markets approach multi-week highs, investors are cautiously optimistic, awaiting further economic indicators.

In the cryptocurrency realm, Bitcoin remains constrained below the critical resistance level of \$95,206. A decisive breakout could potentially propel it towards its December peak near \$110,000.

The Forex market has witnessed the US Dollar advancing over the past day. Since today’s Asian session open, the Euro has been the strongest major currency and the Australian Dollar the weakest one, although the numbers are probably too small to be significant. The EUR/USD currency pair remains in a long-term bullish trend and most analysts will see it that way as long as the price holds up above the key support level at \$1.1241.

Market activity is expected to remain subdued today, mirroring yesterday’s quiet session. However, anticipation builds for the US Federal Reserve’s policy meeting on Wednesday, which could introduce increased volatility.

Economic data releases have provided mixed signals. Switzerland’s Consumer Price Index (CPI) data showed no month-on-month change, contrary to the anticipated 0.2% increase. The Swiss Franc exhibited minimal reaction to this news. Conversely, the US ISM Services PMI data surpassed expectations, suggesting that the US economy might be performing better than last week’s negative GDP figures indicated.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Share on:
Find more news, interviews, share price & company profile here for:

Fidelity Asian Trust surpasses benchmark with 3.7% annual share price gain

Discover how Fidelity Asian Values plc (LON:FAS) navigated the market in March 2025, achieving a 1.5% NAV increase and strategic portfolio insights.

Value in plain sight across Asia’s overlooked markets

Explore how disciplined stock pickers are uncovering undervalued opportunities in Asia’s markets, focusing on China and Indonesia for long-term growth.

Fidelity Asian Values outperforms index as China exposure drives gains

Explore Fidelity Asian Values plc's February 2025 update, highlighting its strong NAV performance, strategic investments, and insights into market trends in Asia.

Fidelity Asian Values HY Results: Attractive future Return on Equity of stocks

Fidelity Asian Values Plc (LON:FAS) achieved a NAV total return of +3.2% in its latest half-yearly results, outpacing the MSCI Asia ex Japan Small Cap Index.

Fidelity Asian Values factsheet shows 12 month NAV gains on index

Fidelity Asian Values plc (LON:FAS) reported a strong 9.1% NAV increase for January 2025, showcasing its strategic focus on undervalued Asian markets.

Fidelity Asian Values Factsheet December 2024

Discover how Fidelity Asian Values plc (LON:FAS) navigated market dynamics in 2024, focusing on strategic stock selection in Asia's growing economies.

Search

Search