Markets to have a negative start

03.03.2017 / 01:44

Rating:

The Asian markets are expected to open lower, after the US session closed down with all 3 indices lost slightly. If there is a correction here, possibly will be short and small.

The US dollar is trading higher again, supported by the increasing chances of rate hikes as early as March for now at least. The pair USD/JPY is the base gauge of the strength of the dollar, which reached 114,500, but there is still the possibility that we may see a stronger JPY again, which will be more noticeable towards the other JPY pairs. Gold traded lower down to $1235, as the USD got stronger and the price of Crude Oil fell down to $52.40, but we might see higher prices again.

Investors were optimistic after the speech from President Trump in front of the Senate and for now the bullish view is in tact, but there is the possibility that we might see a small and short correction of the indices here.

Nikkei will open slightly lower around 19,550, ASX 200 is trading lower around 5,750

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Markets to have a negative start

London

Universal numbers