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- Trading day in one post 11.07.2017
Trading day in one post 11.07.2017
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Loading...The Asian indices were trading in a positive side most of the time during the session overnight, but the ASX 200 and China's markets slipped towards the end, as the data from Australia came in worst than expected.
Nikkei 225 gained by 0.43%, Kospi reached 0.31%. ASX 200 slipped by -0.12%, Hang Seng climbed by 1.12%, as the Shanghai Composite fell with -0.18%.
The price of Oil remained at the same levels without any significant movement overnight around $44.53 per barrel.
Calendar for the upcoming European and American sessions:
09:00 - Япония - Машинни поръчки
11:16 - Канада - Стойност на нови жилища
12:00 - Великобритания - Реч на Haldane от BoE
13:00 - САЩ - Бизнес Оптимизъм
14:00 - Великобритания - Реч на Broadbent от BoE
15:00 - Евро зона - Реч на Coeure от ЕЦБ
15:55 - САЩ - Стойност на Червената книга
17:00 - САЩ - Нови работни места от JOLTs
19:30 - САЩ - Реч на Brainard от ФЕД
20:20 - САЩ - Реч на Kashkari от ФЕД
USD: The USD did gain slightly but only against the weaker currencies and its unknown if can manage to hold the gains. Traders are awaiting the data for the JOLT's new openings and if the are better than expected, the USD may be supported. We remain cautious against the dollar.
JPY: Gained a bit against all currencies, but this is just temporary. The BoJ remain accommodative and we remain short against the Japanese currency.
AUD: Remains strong despite the negative ton from the RBA from the latest rate meeting. The price of Iron Ore has climbed around $64 and this supports the price of the currency. AUD is now even stronger than the NZD. We will look for good levels for positioning long against the AUD.
Indices: Continue to climbed without specific issues, as the banks await for the higher rates, as the investors continue to expect a higher corporate profits during Q3. Most traders think that there is the possibility that FED may not increase the rates for a third time this year, due to the weak inflation and the relatively low price of Oil. We continue to remain long of the indices, with the Tech sector and Nasdaq being the favorites.
Trader - S. Fuchedzhiev
Varchev Traders Read more:
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