Trading day in one post 06.01.2017

Asian markets traded mixed Friday morning, with Japanese automakers coming under pressure following a tweet by President-elect Donald Trump directed at Toyota, as well as due to a stronger yen.

The Nikkei Stock Average was down 0.40 percent, ASX 200 traded flat, while South Korea's Kospi was up 0.38 percent. In Hong Kong, the Hang Seng index gained 0.43 percent. Chinese mainland shares declined, with the Shanghai composite down 0.14 percent,while the Shenzhen composite lost 0.57 percent.

The economic calendar today

09:00 Germany - German Retail Sales
12:00 Europe - Retail Sales
15:30 USA - Average Hourly Earnings
15:30 USA - Nonfarm Payrolls
15:30 USA - Private Nonfarm Payrolls
15:30 USA - Trade Balance
15:30 USA - Unemployment Rate
15:30 Canada - Employment Change
15:30 Canada - Trade Balance
15:30 Canada - Unemployment Rate
17:00 USA - Factory Orders
17:00 Canada - Ivey PMI
22:35 USA - FOMC Member Kaplan Speaks

USD: The dollar is the strongest currency in the Asian session, probably due to profit taking from yesterday's sales. Traders now await for NFP data from USA. Better than expected data will provide strong support to the USD - possible sharp movements.

EUR: The euro remained under pressure after the ECB currently has no plans to take measures on the monetary policy of the central bank although from DZ Bank's say that its time to increase interest rates. We remain short on EUR / USD

JPY: The strong dollar has a negative impact on the Japanese currency. The yen was the weakest currency in late Asian session. Short positions are preferred for JPY

CAD: Canadian Today steps back against most of its currency crosses. Long-term we are bullish on the Canadian currency due to the expectation of a further cut in oil production by OPEC and countries which are not members of OPEC, which should happen in the first half of the year.

GOLD: Precious metal stop to take a break for the first day after his positive start from the beginning of the year. Strong dollar have negative impact on precious metals. If today US data are disappointing, that should support to the commodity.