Trading day in one post 06.07.2017

Most Asian markets lost ground on Thursday despite the mostly stronger close on Wall Street, as oil prices recouped some losses after falling around 4 percent overnight.

Japan's Nikkei 225 fell 0.54 percent, while the Kospi traded lower by 0.19 percent. The S&P/ASX 200 was off by 0.03 percent. Hong Kong's Hang Seng Index declined 0.32 percent. Mainland stocks also traded lower. The Shanghai Composite slipped 0.31 percent and the Shenzhen Composite was down 0.379 percent.

In energy news, oil prices rose after slumping about 4 percent overnight. Brent crude futures gained 0.67 percent to trade at $48.11 a barrel and U.S. crude advanced 0.66 percent to trade at $45.43.

Today's the economic calendar is rich in news, with a focus on ADP nonfarm employment change and initial jobless claims.

Economic data:

09:00 Germany - Factory Orders
10:15 Switzerland - CPI
10:45 USA - FOMC Member Williams Speaks
13:00 Europe - ECB's Praet Speaks
14:00 USA - Mortgage Market Index
14:30 Europe - ECB Publishes Account of Monetary Policy Meeting
15:30 USA - ADP Nonfarm Employment Change
15:30 USA - Initial Jobless Claims
15:30 USA - Trade Balance
15:30 Canada - Building Permits
15:30 Canada - Import/Export
15:30 Canada - Trade Balance
16:45 USA - PMI
17:00 USA - FOMC Member Powell Speaks
17:00 USA - ISM Non-Manufacturing PMI
18:00 USA - Crude Oil Inventories

CAD: Canadian weakened during the Asian session, which can be considered a correction that will give us better levels for positioning. Speculation that the Central Bank of Canada plans to raise interest rates has a positive impact on the currency.

JPY: Yen is the strongest currency in the Asian session. Global uncertainty push investors look for safer conditions like JPY. We remain bullish towards the Japanese currency.

AUD: Australian is traded slightly lower. The Australian central bank's decision to keep interest rates unchanged have a negative impact on AUD. We are on bearish mood in the kangaroo.

USD: Dollar remains relatively strong in anticipation of another  rate increase this year. Today, we expect ADP on NFP data, as better then expected data would support the dollar. Main focus is on the NFP on Friday, which will tune in moods.
Trader I. Ivanov

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
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