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- Trading day in one post 08.02.2017
Trading day in one post 08.02.2017
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Loading...The Asian Markets were trading mostly higher during the night session, even after the uncertainty and the increasing risks around the future policies of the US President and the upcoming French Elections. The US and European makets closed slightly higher.
Nikkei 225 was up by 0.26%, with relatively stronger JPY, ASX 200 was also higher with 0.52% а Kospi fell by -0.66%. Shanghai Composite was down by -0.10%, Hand Seng index increased by 0.35%.
Oil Price fell more than 1%, as its fall started during the European session and by the Asian session was trading at a level of $51.60 per barrel.
Calendar for the Asian and American sessions:
Tentative - Euro zone - EU Economic Forecasts
14:00 - USA - MBA 30-Year Mortgage Rate
14:00 - USA - MBA Mortgage Applications (WoW)
14:00 - USA - Mortgage Market Index and Refinance Index
15:00 - UK - BoE MPC Member Cunliffe Speaks
15:15 - CAD - Housing Starts (Jan)
17:30 - USA - Crude Oil Inventories
17:30 - USA - Gasoline Production
22:00 - NZD - RBNZ Interest Rate Decision
22:00 - NZD - RBNZ Monetary Policy Statement
23:00 - NZD - RBNZ Gov Wheeler Speaks
23:45 - NZD - Building Consents (MoM) (Dec)
USD - The dollar did find support but we will wait to see confirmation before going long again on USD/CHF and NZD/USD.
NZD/AUD - The risk currencies were softer during the Asian session, that is even after the RBA left rates unchanged. With the Risk off sentiment picking up, most likely we will see lower prices.
CAD - The Canadian currency will stay stable if the Oil price is going up or at least not falling, however. Oil came down with more than 1%, and that could spell trouble for the currency. The fall may be only temporary.
GBP - The cable jumped during the American session due to the comments from member Forbes of the BoE. She mentioned that if the data continue to be better than expected and solid, the Central bank might need to start considering a rate hike. The raise of the Pound is possibly just a short term phenomenon and it will not hold for much longer.
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