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- Trading day in one post 10.01.2017
Trading day in one post 10.01.2017
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Loading...Asian markets were under pressure on Tuesday, as investor sentiment soured after the Dow retreated further from the 20,000 mark and oil prices plunged as much as 4 percent overnight.
The ASX 200 fell 0.9 percent, seeing broad losses across all sub-indexes except for gold which was up 1.81 percent.
Australian retail prices for November rose by 0.2 percent from October, versus market consensus calling for a 0.4 percent increase.
Japanese benchmark Nikkei 225 slipped 0.19 percent, like due to the yen's strength.Over in South Korea, the Kospi was down 0.14 percent.
Mainland Chinese shares were under pressure, with the Shanghai composite down 0.19 percent and the Shenzhen composite off 0.065 percent.Hong Kong's Hang Seng was in the green, up 0.37 percent.
Stateside, the Dow Jones industrial average retreated from its march to 20,000, slipped 0.38 percent to 19,887.38, while the S&P 500 fell 0.35 percent to end at 2,268.9 while the Nasdaq composite finished up 0.19 percent, to 5,531.82.
During Asian hours, U.S. crude were up 0.02 percent at $51.97 a barrel, while Brent was down 0.04 percent at $54.92.
In currency markets, the dollar index lost ground to trade at 101.87, compared to highs of 102.29 yesterday.
Economic calendar for European and American boerse sessions
8:45 Switzerland - Unemployment rate
15:15 Canada - Housing starts
15:15 Canada - Building approvals
15:55 USA - Redbook
17:00 USA - JOLTs Job Opening
17:00 USA - Wholesale inventories
USD - The current correction of the us dollar gives us opportunity for a long positions. The dollar remains the stronger currency in the market, furthermore the most analysis are expecting three rate hikes this year.
CAD - The decline of the oil reflected negatively on the CAD. The correlation between the two instruments is strong and the declining oil is influencing negatively over the CAD. If we see further depreciation of the oil most likely the loony will decline as well.
GBP - After Theresa's May speech yesterday that UK will leave the common market and will focus over the migration control , the pound took a big pounding and decline to two months low. GBP remains the weakest currency in the market. We can use every correction to take a short position.
EUR - The EUR remains relatively stable... but until when? The difference between the rate levels of USA and EU is going to get bigger and bigger. This sooner or later will reflect on the common currency quite negative. We remain negative toward the EUR.
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