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- Trading day in one post 13.03.2017
Trading day in one post 13.03.2017
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Loading...Asia markets turned positive on Monday but traders remained wary ahead of a potential rate hike by the Federal Reserve this week.
Kospi was buoyant, up 1.12 percent, Nikkei 225 recovered from earlier losses to trade up 0.19 percent while ASX 200 fell 0.42 percent. The Shanghai composite dipped 0.42 percent while the Shenzhen composite fell 0.47 percent.
The U.S. crude down 0.66 percent to $48.17 a barrel, while Brent crude was off 0.49 percent to $51.12.
14:45 Eurpe - ECB's Lautenschlaeger Speaks
15:30 Eurpe - ECB President Draghi Speaks
16:00 USA - Fed Labor Market Conditions Index
16:00 Eurpe - ECB's Constancio Speaks
18:30 Europe - ECB's Praet Speaks
USD - Dollar is the weakest currency during the session in Asia after a bad wage data on Friday. The hourly wage may be an obstacle to the Fed to act in March and we might see a surprise from the Federal Reserve and the depreciation of the dollar.
EUR - The euro remains strong today expect a series of statements by the ECB which can give a positive impetus to the common currency. Possible long positions in EUR after correction.
CAD - Canadian remains weak after the continuing decline in oil prices. The strong correlation between gold and black Canadian currency has a negative impact on CAD. Sentiment here remains negative.
JPY - The yen remains among the weakest currencies in the market right now. The fiscal policy of the central bank is highly negative for the currency. Only elections in Europe could have a positive impact on the yen. We remain rather negative towards the yen.
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