Trading day in one post 11.07.2016

Asian markets extended their rally on Tuesday, as Japan shares surged as investors digested stimulus comments made by Japanese Prime Minister Shinzo Abe late on Monday, helping to weaken the yen.

The Nikkei 225 surged 2.65 percent, ASX 200 gained 0.88 percent, Hang Seng Index was 0.73 percent higher. On the mainland, the Shanghai Composite was up 0.62 percent, while Shenzhen composite was unchanged. In South Korea, the Kospi was up 0.16 percent.

In USA the S&P 500 closed at a new all-time high at 2,137.16, led by information technology stocks. The Dow Jones industrial average closed 0.44 percent higher at 18,226.93, while the Nasdaq gained 0.64 percent at 4,988.64.

Brent futures were trading up 0.52 percent at $46.49 per barrel after settling at $46.25, while U.S. crude futures fell 0.42 percent at $44.94, after closing at $44.76.

09:00 Germany - Index of wholesale prices
09:00 Germany - Consumer Price Index
12:00 UK - BoE Gov Carney Speaks
15:55 USA - Red Book Report
16:35 USA - FOMC Member Bullard Speaks
17:00 USA - Stocks in wholesale
21:00 USA - Federal Budget Balance

USD: After NFP data on Friday the sentiment of dollars remain positive but investors began to lose faith that an increase in interest rates may have recently which could lead to new negative sentiment.

GBP: Sterling progressed through the Asian session but rather taken as a corrective movement since the sentiment of BREXIT still put pressure on the currency. On Thursday, the BoE is expected to cut rates to 0.25 percent from 0.5 percent. This will lead to a new devaluation of the pound.

JPY: Sentiment in the Japanese currency returned to negative territory after reaching a price of 100 yen per dollar Economy Minister intervened and said it will add new stimulus and helping to weaken the yen

CAD: Canadian dollar is expected to continue to weaken due to increasingly lower oil prices and negative sentiment in the raw material.

AUD, NZD: Rising risk appetite continues to have a positive impact on these currencies, we can look for short positions in AUD / NZD at around 1.04500 as against other currencies we look for places for long positions after correction.

Gold: Gold traded slightly decrease today that is likely to continue as a corrective movement after six weeks of gains. It is possible this week to be a correction in gold then we can looking for new long positions.