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- Trading day in one post 03.05.2017
Trading day in one post 03.05.2017
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Loading...Asian markets were mixed on Wednesday, as gains on Wall Street overnight were offset by disappointment with Apple earnings, with traders looking ahead to the U.S. Federal Reserve meeting results.
In Australia, the S&P/ASX 200 was down 0.25 percent amid declines in banking and some resources shares.
On the mainland, the Shanghai Composite shed 0.20 percent, while the Shenzhen Composite was off 0.22 percent.
Markets in Japan, South Korea and Hong Kong are shut Wednesday for public holidays. Japan is shut for the rest of the week for the Golden Week holiday.
Apple reported after the bell. While quarterly earnings beat expectations, revenue fell short of estimates as the company sold fewer iPhones than expected.
In Asian trade, oil prices rebounded with U.S. light crude up 0.90 percent at $48.09 a barrel
Economic calendar for the European and U.S. trading sessions:
10:55 - Germany - German Unemployment Rate
10:55 - Germany - German Unemployment Change
11:30 UK - Construction PMI
12:00 - Eurozone - GDP (QoQ)
15:15 - US - ADP Nonfarm Employment Change
17:00 - United States - ISM Non-Manufacturing PMI
17:30 - USA - Crude Oil Inventories
21:00 - USA - FOMC Statement
21:00 - USA - Fed Interest Rate Decision
EUR - The euro is trading slightly up during the Asian session. This is due to the calm of the investors about the French elections. Recent polls show that the favorite is Emanuel Macron and this has a positive impact on the common currency. More aggressive traders can look for long positions at the Euro.
USD - The dollar fell against the yen to 112.04 at night. Today is an important day for the currency, as the day's data will determine its direction. Investors await the Fed's decision on interest rates and new jobs on Friday. Most likely, traders will remain cautious about the currency until Friday.
CAD - The fall in oil prices has a negative impact on the Canadian. It trades with a decline against most currencies. Today, traders are expecting data on oil reserves that may affect the currency. With better data, we can expect a currency appreciation.
Junior Trader Stefan Panteleev
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