Trading day in one post 01.03.2017

01.03.2017 / 08:36

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The markets in Asian traded higher today, after indices in the USA were at record highs again. The speeches from Kaplan, Williams and President Trump, lifted the positive sentiment and USD and indices were up.

Nikkei 225 was higher with 1.42%, ASX 200 was slightly lower by -0.13%, but Kospi was up by 0.29%, Shanghai Composite trading higher by 0.28%.

The price of Oil was trading in a tight range around $54,05 per barrel during the session.

Calendar for the European and American sessions:

09:00 - Nationwide HPI (MoM) (Feb)
09:00 - Swiss - Consumption Indicator
10:30 - Swiss - SVME PMI (Feb)
10:50 - France - French Manufacturing PMI (Feb)
10:55 - Germany - German Manufacturing PMI (Feb)
11:00 - Germany - German Unemployment Change (Feb)
11:00 - Germany - German Unemployment Rate
11:00 - Euro zone - Manufacturing PMI (Feb)
11:30 - UK - BoE Consumer Credit (Jan)
11:30 - UK - M4 Money Supply (MoM) (Jan)
11:30 - UK - Manufacturing PMI (Feb)
11:30 - UK - Mortgage Approvals (Jan)
14:00 - USA - MBA 30-Year Mortgage Rate
14:00 - USA - MBA Mortgage Applications (WoW)
14:00 - USA - Mortgage Market Index and Refinacing index
15:00 - Germany - German CPI (MoM) (Feb)
15:30 - USA - Core PCE Price Index (MoM) (Jan)
15:30 - USA - Real Personal Consumption (MoM) (Jan)
15:30 - Canada - Current Account (Q4)
15:30 - Germany - German Buba President Weidmann Speaks
16:00 - Germany - Dallas Fed PCE (Jan)
16:30 - Canada - RBC Manufacturing PMI (Feb)
17:00 - USA - Construction Spending (MoM) (Jan)
17:00 - USA - ISM Manufacturing PMI (Feb)
17:00 - USA - ISM Manufacturing Prices (Feb)
17:00 - Canada - BoC Interest Rate Decision
17:00 - USA - Crude Oil Inventories
17:30 - USA - Gasoline Production
20:00 - USA - FOMC Member Kaplan Speaks
21:00 - USA - Beige Book
22:00 - USA - All Car Salesс

USD - The currency found support and got a lift in the beginning of the session, then pulled back a bit, due to the awaiting speech from Trump. The dollar longs are back again, as the chances for a March rate hike are still in play. Possible long USD, after supported by speeches from Kaplan, Williams and Presiden Trump.

GBP - was trading lower again. The uncertainties around the process for Brexit is again weight on the currency. If the data are better than expected today, it may provide some support for the pound. Long term we remain short for GBP.

JPY: The Japanese currency was very weak today, after the dollar went up. Fundamentally possibly is short from here. With clear signal for short, we will look to go long on USD/JPY.

Indices - The indices did slow down a bit, but continue to trade higher even after the speech from Donald Trump as the positive sentiment provide a lift.

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Trading day in one post 01.03.2017

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