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- Trading day in one post 07.07.2017
Trading day in one post 07.07.2017
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Loading...All Asian markets were trading lower this Friday. Indices were under pressure due to the lower closes on Wall Street. Oil continues it's decline. Investors remain wary in anticipation of the NFP today at 15:30 local time.
Japanese Nikkei 225 declined with -0.28%, while Kospi lost -0.20%. ASX 200 was down with -1%. In Hong Kong, Hang Seng shed -0.36% and Shanghai Composite lowered -0.22%.
Oil was trading in a narrow range during the Asian hours on levels around $44.92 per barrel, while DYX was around 95.90.
Today's accent will be the NFP report.
Economic data that will move the European and American trading session today
08:45 - Swiss - Unemployment Rate n.s.a. (Jun)
09:00 - Germany - German Industrial Production (MoM) (May)
09:45 - France - Imports/Exports and Trade Balance
09:45 - France - French Industrial Production (MoM) (May)
10:30 - UK - Halifax House Price Index (YoY) (Jun)
11:30 - UK - Industrial Production (MoM) (May)
11:30 - UK - Manufacturing Production
11:30 - UK - Trade Balance
15:00 - UK - NIESR GDP Estimate
15:30 - USA - Average Hourly Earnings (MoM) (Jun)
15:30 - USA - Non-Farm Payrolls
15:30 - USA - Participation Rate (Jun)
15:30 - USA - Unemployment Rate (Jun)
15:30 - CAD - Employment Change (Jun)
15:30 - CAD - Unemployment Rate (Jun)
Tentative - UK - BoE Gov Carney Speaks
17:00 - CAD - Ivey PMI (Jun)
20:00 - USA - U.S. Baker Hughes Oil Rig Count
CAD: The Canadian was lower during the Asian session which will gives us good levels for new longs. The positive tone from the central bank of Canada effected positively the currency.
JPY: JPY was lower during the session as well. The uncertainty on global scale makes investors seeking safe-haven instruments as the currency. We remain long on JPY.
AUD: AUD lost as well. The Central Bank decided to keep the interest rates unchanged which caused negative effect on the currency. We remain bearish.
USD: The USD remains considerably strong in anticipation of another rate hike. Today we expect the NFP data, as higher than expected reading will support the currency.
Indices: U.S. Indexes remain under pressure for a second consecutive day. Investors start to lose faith for the third rate hike this year and a better economy. The chances for a rate hike are falling, as for July they are reaching only 12%, and for September 31.4%.
Trader S. Fuchedzhiev
Varchev Traders Read more:
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