- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 06.06.2017
Trading day in one post 06.06.2017
Rating:
Loading...Asian markets traded narrowly mixed on Tuesday, following the lower close on Wall Street and as markets digested the impact of diplomatic tensions between Qatar and other Middle Eastern nations.
Japan's benchmark Nikkei 225 index declined 0.59 percent.
The S&P/ASX 200 tumbled 1.26 percent, driven by broad declines in the utilities, financials and energy sub-indexes. Major banking and resource stocks traded in the red.
Markets in greater China were mixed. Hong Kong's Hang Seng Index erased earlier losses to trade higher by 0.35 percent. The Shanghai Composite shed 0.22 percent and the Shenzhen Composite gained 0.128 percent.
Oil prices erased earlier gains to edge lower. Prices had fallen almost 1 percent in the last session following news that Saudi Arabia and other countries in the Middle East had severed diplomatic ties with Qatar. Qatar is the world's largest liquefied natural gas (LNG) exporter.
Brent crude shed 0.51 percent to trade at $49.22 and U.S. West Texas Intermediate crude was off by 0.53 percent to trade at $47.15.
Economic calendar for the European and the American trading sessions 06.06.2017
11:30 EU - Sentix Investor Confidence
12:00 EU - Retail Sales
17:00 USA - JOLTs Job Openings
17:00 Canada - Ivey PMI
USD - The dollar dropped against a basket of currencies. The currency index is traded at around 96,646. The US currency is under pressure after dissatisfaction with Donald Trump's decision to withdraw the United States from the Paris climate treaty, which provokes disagreement with other countries participating in the deal. We remain bearish to the US currency in the short term.
GBP - The British pound reached a 10-day top in the night, as we are waiting for the UK election on June 8th. Investors' moods are improving as Theresa May's chances of building his own office look positive. We expect a high GBP volatility this week.
AUD - The Australian dollar dropped after worse current account data and unchanged interest rates. There is a rumor that the Reserve Bank of Australia intends to reduce interest rates, which adds extra weight to the currency. In the short run, we remain negative to AUD.
Indexes - US indices dropped today. This is due to the negative sentiment surrounding President Donald Trump. Shares in the country also traded with declines. We expect the end of the adjustment and the possibility of taking new long positions.
Junior Trader Stefan Panteleev
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
