- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 23.06.2017
Trading day in one post 23.06.2017
Rating:
Loading...Markets in Asia traded sideways on Friday.
Japan's Nikkei 225 was flat and South Korea's benchmark Kospi index rose 0.1.
The S&P/ASX 200 edged higher by 0.07 percent.
Hong Kong's Hang Seng Index was higher by 0.1 percent in early trade. On the mainland, the Shanghai Composite declined 0.25 percent.
Oil prices gained after falling to 10-month lows on Wednesday, but concerns remained over the global oversupply in markets. Brent crude advanced 0.24 percent to trade at $45.33 a barrel and U.S. crude rose 0.26 percent to trade at $42.85.
Economic calendar for the European and the American trading sessions 23.06.2017
09:45 - France - GDP
10:30 - Germany - German Manufacturing PMI
10:30 - Germany - German Services PMI
11:00 - EU - Manufacturing PMI
11:00 - EU - Services PMI
15:30 - Canada - CPI
16:45 - USA - Manufacturing PMI
16:45 - USA - Services PMI
17:00 - USA - New home sales
18:15 - USA - FOMC Member Bullard Speaks
19:40 - USA - FOMC Member Mester Speaks
20:00 - USA - U.S. Baker Hughes Oil Rig Count
GBP - The pound rose after rumors of interest rate hike. Earlier this week, BoE chairman Mark Carney said there would be no interest rate hike. This confuses investors, as the the Brexit process also has a negative impact on the GBP. We remain cautious towards the currency by looking for clearer signals on how the country policy will develop.
CAD - The Canadian dollar is trading with an increase. Yesterday, the better retail data support the currency, and today at 15:30 we expect CPI data, which will also have a short-term effect on the currency. CAD is currently traded at around 1.3219 against the US dollar.
Oil: Oil has entered the bear market. Negative moods around OPEC and the oversupplied market have a negative impact on the black gold. Today, oil has recovered from the downturn in recent days, but moods do not look good and remain negative towards the commodity. Countries outside the agreement, such as the United States, Nigeria and Libya (which are one of the biggest oil producers), question whether OPEC will be able to rebalance the market and the high supply will be reduced.
Junior Trader Stefan Panteleev
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
