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- Trading day in one post 07.03.2017
Trading day in one post 07.03.2017
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Loading...Today the Asian markets were trading mixed, due to the geo political risks and the upcoming rate decisions from Australia, Eurozone and Non-Farm Payrolls.
Nikkei fell by -0.17%, Kospi traded up with 0.66%, ASX was with 0.15% higher. Shanghai composite is lower by -0.07%, Hang Seng added 0.42%.
The Crude Oil futures traded around $53.10 per barrel. The futures of the US indices started the session slightly lower but by the end of the session were up slightly. DXY was traded at 101.670, slightly up.
Calendar for the European and American sessions:
09:00 - Germany - German Factory Orders (MoM) (Jan)
09:45 - France - French Government Budget Balance
10:30 - UK - Halifax House Price Index (MoM) (Feb)
12:00 - EU - GDP
15:30 - CAD - Imports/Exports
15:30 - CAD - Trade balance
15:55 - USA - Red book
17:00 - USA - IBD/TIPP Economic Optimism
17:00 - CAD - Ivey PMI (Feb)
23:45 - NZD - Manufacturing Sales Volume (QoQ) (Q4)
USD - This week is somewhat important for the USD due to the Non-Farm Payroll reading on Friday and that next week FED might raise interest rates during their March meeting. Chances for an increase have gone up to about 90%. We remain long USD.
GBP - This month is also important for the GBP as well. Long awaited activation of the Article 50 is expected, however, it might be delayed and this will inject uncertainty into the markets and investors and we expect strong moves around the GBP. We remain short especially against the USD.
JPY - The Japanese currency might increase in value this month, due to the safe heaven status it has when investors and traders are looking for safety. If negative situations arise, the JPY might be the way to go. We remain cautious towards the JPY.
Индекси - The Markets did close lower, as in anticipation of the FED's action but the outcome is still not certain. If there is a correction of the US indices, it might be very shallow and short. For now the rate hike awaited during this month meeting will influence the indices.
Злато - The precious metal was trading lower around $1225, as the USD was strong. If rate are raised then we might see another negative impulse to the down side for the Gold price. We remain short.
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