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- Trading day in one post 14.06.2017
Trading day in one post 14.06.2017
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Loading...The Asian markets were trading most higher, after record closing numbers of the US indices. These new highs of the stock market were posted after the worst fall of the markets for this year. The NASDAQ still not fully recovered but did erase part of the losses. Investors will be cautious as the FED decision in regards to the rate is looming today.
Economic Calendar
09:00 Germany - Consumer Price Index - Final
11:30 UK - Number of unemployed
11:30 UK - ILO Unemployment Rate
11:30 UK - Unemployment rate
12:00 Eurozone - Industrial Production
15:30 USA - Consumer Price Index
15:30 United States - Retail sales
17:30 USA - Oil inventories
21:00 United States - FOMC Decision on Interest Rates
21:00 United States - Janet Yellen Statement on Monetary Policy
GBP - The pound continue to trade higher and data for the economy is still fairly good. There are risks for the economy, but even after the elections, the currency not only erased all losses but it gained against the USD. Its possible that we can expect a correction now, and we will wait for clear signs for longs in the short term.
USD - The Greenback again it fell against most currencies, in anticipation of the FED decision today. The moves were not big but it shows the negative sentiment for the USD. This rate increase is already accounted for within the price and most analysts do not expect big moves from the currency.
INDICES - The US Indices did close higher, as the DJIA and S&P reached new record highs. The positive tone came into the market place as the Attorney General was testifying in front of the Senate. It is possible that the correction is over and now stocks can move higher again. However, investors will be vigilant as we are expecting the FED decision in regards to the rate. If base rate is increased by the Central Bank this will be negative for Stocks.
OIL - Price of Oil remains under pressure for now, this is a function not only from the fact that Oil inventories are high, higher production in the US but also a higher production by the countries in OPEC, despite of the agreement to extent the production limitation ban for another 9 months. Oil was trading around $46.46 per barrel during the Asian session. This may also impact the indices negatively.
Trader - Senan Fuchedzhiev
Varchev Traders Read more:
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