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- Trading day in one post 03.03.2017
Trading day in one post 03.03.2017
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Loading...The markets in Asia were traded lower today, following the indices in the US, where they closed with losses. The investments in the country fell by $1.97 Bln. for the previous week ending March 1, 2017. Investors turned their attention to the fact that the chances for higher rate as soon as March are possible and also that the planned reforms by the Presidents administration can face resistance and the risks that those promises will not be made possible.
Nikkei 225 fell with -0.68% in the early trading, as the ASX 200 lost by -0.86%, Kospi on the other hand also lost with -0.1.31%, In Hong Kong the index Hang Seng went down by -0.62%.
The price of Crude oil was also down to $52,40 per barrel.
Calendar for the European and American sesssions:
09:00 - German - German Retail Sales (MoM) (Jan)
10:50 - France - French Services PMI (Feb)
10:55 - Germany - German Services PMI (Feb)
11:00 - Euro zone -Services PMI (Feb)
11:30 - UK - Services PMI (Feb)
12:00 - Euro zone - Retail Sales (MoM) (Jan)
16:45 - USA - Services PMI (Feb)
17:00 - USA - ISM Non-Manufacturing PMI (Feb)
17:15 - USA - Chicago Fed President Evans Speaks
17:15 - USA - FOMC Member Lacker Speaks
19:15 - USA - FOMC Member Powell Speaks
20:00 - USA - U.S. Baker Hughes Oil Rig Count
20:00 - USA - Fed Chair Yellen Speaks
20:00 - USA - FOMC Member Stanley Fischer Speaks
USD - The currency remain strong during the session but there were no big moves during the Asian session, as it is supported by the increasing chances of a rate raise during March. We do remain long the USD. Short NZD/USD.
GBP - The GBP fell again, after it was clear that the process of the activation of the Article 50 will meet opposition. The government wants Theresa May to go back to EU and try to negotiate deals and get details in regards to Brexit, before the Article is activated in order to have some certainty. We do remain short on GBP/USD.
CAD - The currency was weaker after the price of Oil was trading lower, but the currency does remain strong but only against some currencies as the AUD and NZD.
Indices - The positive sentiment does remain at the market but investors are growing cautious after the record highs that were reached. These levels are not good for purchases and we might see a correction to levels that are better for buys. We will be awaiting better levels.
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