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- Trading day in one post 12.01.2017
Trading day in one post 12.01.2017
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Loading...Asian shares traded mixed following a choppy session in the U.S. with stocks ending higher after President-elect Donald Trump held a raucous and freewheeling press conference that analysts said was sparse on economic policy details.
ASX 200 slipped 0.08 percent, down from earlier gains of 0.51 percent, Nikkei 225 dropped 1.13 percent and Kospi was up 0.1 percent. Over in mainland China, the Shanghai composite inched up 0.2 percent, while the Shenzhen composite was unchanged and Hang Seng was slipped to trade down 0.27 percent.
The price of U.S. crude dipped 0.15 percent to $52.17 per barrel.
Economic calendar:
09:45 France - French CPI
12:00 Europe - Industrial Production
14:30 Europe - ECB Publishes Account of Monetary Policy Meeting
15:30 USA - Import/Export Price Index
15:30 USA - FOMC Member Harker Speaks
15:30 USA - Initial Jobless Claims
15:30 Canada - New Housing Price Index
19:30 USA - FOMC Member Lockhart Speaks
20:15 USA - FOMC Member Bullard Speaks
20:45 USA - FOMC Member Kaplan Speaks
21:00 USA - Federal Budget Balance
USD: The dollar lost strength as it seems that short-term sentiment on the greenback going to negative territory after the first press conference of Donald Trump that looks did not meet investors' expectations. Short-term sell positions are possible but in the longer term we expect rise of the US currency.
CAD: Canadian Dollar is gaining after oil prices found support and bounce back. The strong correlation between the black gold and Canadian has a positive impact on CAD. Today we expect data from Canada if it's better then expected that will support the Canadian currency.
JPY: The yen strengthened a lot in the Asian session by winning basket of seven major currencies, as the strongest performance there is against the dollar and the pound. Fundamentally there is no evidence to support the Japanese currency implying that we look for places for new short positions in JPY.
GBP - The pound continues to lose positions. It is one of the weakest currencies due to the uncertainty surrounding the economic situation of the country, the negotiations around Hard Exit and Trade negotiations with the EC.. We remain short on GBP.
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