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- Trading day in one post 14.02.2017
Trading day in one post 14.02.2017
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Loading...The Asian markets were trading lower for the most part of the trading session, even that opened in a positive territory.
ASX 200 was trading lower by -0.05 %. Nikkei fell with -0.68 %, after the JPY gained strength. The Chinese markets were also lower, as the Shanghai composite lost -0.18%.
The futures of the US indices fell slightly during the Asian session, after closed higher at a record levels on Monday. Their continuation higher was due to Trump's comments on change of the tax policies in the near future. DJIA was up by 0.70% , S&P with 0.52% and Nasdaq by 0.52%.
The futures of Oil fell during the Asian session,but it was traded within a range overnight, before the close of the markets, at around $53.00 per barrel.
Calendar for the European and American trading sessions:
09:00 - Germany - German CPI (MoM) (Jan)
09:00 - Germany - GDP
10:15 - Swiss - CPI (MoM) (Jan)
10:15 - Swiss - PPI (MoM) (Jan)
11:30 - UK - CPI (YoY) (Jan)
11:30 - UK - House Price Index (YoY)
11:30 - UK - PPI Input (MoM) (Jan)
12:00 - German ZEW Economic Sentiment (Feb)
12:00 - Germany - German ZEW Current Conditions (Feb)
12:00 - Euro zone - GDP
12:00 - Euro zone - Industrial Production (MoM) (Dec)
12:00 - Euro zone - ZEW Economic Sentiment
13:00 - USA - NFIB Small Business Optimism (Jan)
15:30 - USA - PPI (MoM) (Jan)
15:50 - USA - FOMC Member Lacker Speaks
15:55 - USA - Redbook (MoM)
17:00 - USA - Fed Chair Yellen Testifies
20:00 - USA - FOMC Member Kaplan Speaks
20:15 - USA - FOMC Member Lockhart Speaks
USD - During the last week the USD gained back some of its lost ground. The DXY is again above 100. The expectation for higher rates supports the USD and the fact that changes to the corporate tax are coming soon. At the moment investors are awaiting to see how Trump's plans will unfold. We remain long the USD.
CAD - The CAD received a solid support from the oil price, but can this continue? The Oil price was trading in a range, but if it stops going up, this will be negative for the CAD. We remain cautions against the currency.
EUR - The Euro continue to be under pressure, not so much from the strong dollar, but more due to the fact of the differentials between the Central Bank policies and also due to the upcoming political risks in the Euro zone. The negative sentiment against the Euro remains, but it may not last very long. We remain short Euro.
JPY - The economic data from Japan today were better than expected and the JPY was strong. The policy of the BoJ continue to be without changes, which most likely means that the fall of the JPY is likely to continue.
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