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- Trading day in one post 10.07.2017
Trading day in one post 10.07.2017
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Loading...Most Asian indexes were in positive territory in Monday trade after U.S. jobs data beat expectations and as Chinese inflation data for June were in line.
Nikkei 225 advanced 0.95 percent and Kospi index edged up 0.23 percent, ASX 200 gained 0.61 percent the Hang Seng Index was up 0.99 percent, but markets on the mainland traded lower. The Shanghai Composite was off by 0.21 percent and the Shenzhen Composite slipped 0.473 percent.
Crude Oil traded higher by 0.86 percent, reached price of $44.61 per barrel.
09:00 Germany - Trade Balance
09:00 Germany - Imports/exports
11:30 Europe - Sentix Investor Confidence
22:00 USA - Consumer Credit
USD: The dollar was slightly supported by the good NFP data on Friday, but the unemployment rate has risen and the hourly pay has fallen, which is negative for the green money. We remain cautious with the dollar.
JPY: Yen is the weakest currency during the Asian session. Worst data from Japan has a negative impact on the Japanese currency, and we can use any adjustment to position short of JPY.
AUD: Despite the negative impact of keeping interest rates unchanged, the Australian remains the preferred currency from the hedge funds. We can use each deep correction to position long for AUD.
Indices: Indexes are trading on positive territory after banks have passed their stress tests successfully, investors have gained courage and take advantage of the correction to buy cheaply.
Trader I. Ivanov
Varchev Traders Read more:
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