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- Trading day in one post, 02.05.2017
Trading day in one post, 02.05.2017
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Loading...Asian markets were trading slightly higher except the ASX 200 and Shanghai, due to the lower-than-expected data for the Chinese Manufacturing PMI. Oil traded in narrow boarders on levels around $48.73 per barrel, and that likely effected negative the markets.
The gold inched lower amid the rallying markets, due to the stronger dollar.
After the holidays, the liquidity will restore it's levels and we can see some rise in European indices.
Economic calendar for the European and U.S. trading sessions, 02.05.2017
10:55 Germany - Manufacturing PMI
11:00 Europe - Manufacturing PMI
11:30 UK - Manufacturing PMI
12:00 Europe - Unemployment Rate
15:55 USA - Redbook
23:00 USA - All Car Sales
EUR - The common currency weakened during the session, however, if the anticipated data today is better than expected, EUR can regain some of its positions. During the last couple of week the fundamental for the EUR remained strong amid the outcome of the French elections.
USD - The greenback rose during the Asian session amid the positivism on the markets. This week we expect very important US data, as the interest rate decision from Fed in Wednesday and NFP on Friday. Traders will remain wary until the NFP data is released on the end of the week.
JPY - The Yen declined, amid the growing markets and the risk appetite from the investors. We remain short on the Japanese currency, however we will look for short positions only after a correction.
Trader Senan Fuchedzhiev
Varchev Traders Read more:
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