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- Trading day in one post 10.02.2017
Trading day in one post 10.02.2017
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Loading...The Asian markets were trading higher today, following the markets in the USA, where indices closed at a record highs.
ASX 200 was up by 0.91%, Nikkei 225 was higher by 2.35%, Shanghai Composite added 0.44%, and Hang Seng index was up with 0.57%
Price of Oil traded around $53,00 per barrel, after it started its raise during the European and American sessions.
Calendar for both European and American trading sessions:
09:45 - France - French Industrial Production (MoM) (Dec)
09:45 - France - French Non-Farm Payrolls (QoQ) (Q4)
11:30 - UK - Construction Output (YoY) (Dec)
11:30 - UK - Industrial Production (MoM) (Dec)
11:30 - UK - Manufacturing Production (MoM) (Dec)
11:30 - UK -Trade Balance Non-EU (Dec)
12:00 - Germany - German Buba President Weidmann Speaks
15:30 - USA - Export Price Index (MoM) (Jan)
15:30 - USA -Import Price Index (MoM) (Jan)
15:30 - CAD - Employment Change (Jan)
15:30 - CAD -Unemployment Rate (Jan)
15:30 - CAD - Participation Rate (Jan)
17:00 - UK - NIESR GDP Estimate
17:00 - USA - Michigan Consumer Expectations (Feb)
20:00 - USA - U.S. Baker Hughes Oil Rig Count
21:00 - USA - Federal Budget Balance (Jan)
NZD - The negative sentiment for the currency continue after the RBNZ left rates unchanged yesterday. The NZD was not lifted by the better than expected data from China today. We remain short NZD/USD.
EUR - The Euro remains overall weak, but not against all currencies. The uncertainties in Europe and the upcoming French Presidential Elections weight on the currency. We continue to monitor it.
CAD - Canadian currency does remain supported by the Oil price again. Today we expect the Employment change from Canada. If the data is better than expected then we can see continued support for it.
USD - The USD got its strength back and its trading higher again. This is despite the fact that Trump's policies and the administration's wish for weaker dollar. Bullard from FED said today, that the Central Bank will continue with its policy of relatively low interest rates. The markets are expecting rate high during March's meeting with around 25% chance, but realistically, chances are greater for this to happen during their summer meetings instead.
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