- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 15.06.2017
Trading day in one post 15.06.2017
Rating:
Loading...Investors have become cautious about the shares during the session in Asia after the US Federal Reserve expects to raise interest rates for the second time this year.
Despite the inflation targeting the Fed, the central bank said it would raise the benchmark interest rate by 25 basis points. The Federal Reserve has also provided more detail about its future plans.
Nikkei 225 declined by 0.6% and Kospi was down 0.75%. ASX 200 fell 1.13%, while the markets in China were trading mixed. Shanghai Composite has an increase of 0.03% and Shenzhen Composite is up 0.227%.
Oil is traded down from 0.18% to 44.65 dollars a barrel.
Here are the economic data that will drive the market during the day
10:15 Switzerland - Production and Import Price Index
10:30 Switzerland - Swiss National Bank decision on interest rates
11:30 UK - Retail sales
13:00 - Eurozone - Trade Balance
14:00 United Kingdom - Bank of England decision on interest rates
14:00 United Kingdom - Bank of England decision on financial incentives
14:00 United Kingdom - Bank of England Protocol - voting on interest rates
14:00 United Kingdom - Bank of England Protocol - vote on financial incentives
15:30 US - Aid applications for the unemployed
15:30 USA - Fed index of Philadelphia
15:30 United States - New York Fed Index
17:30 US - Natural gas reserves
USD - The dollar received support after the Fed raised the benchmark interest rate by 25 basis points to 1.25%. Short term sentiment for the dollar is positive and we can look at any dollar adjustment as an opportunity to position the greenback.
CAD - Canadian moods are rather negative due to declining oil prices. The strong correlation of the black gold currency pushes the price downwards, while on the other hand there is speculation that BoC intends to raise its key interest rate that supports CAD. We remain cautious.
GBP - Yesterday the pound recorded a steady growth, but then adjusted and closed the opening levels. There are risks to the country's economy, but even after the election the pounds not only remained stable, but also risen against most currencies. Probably there will be a correction of the upward movement and we will watch for clear signals for a short-lion entry.
Oil - Oil prices remain under pressure in the short term, this is a function of both increased inventory levels, higher US production, and higher production by member countries in OPEC, despite the organization's decision to reduce mining And production. The price traded around $ 44.50 a barrel during the Asian session. This may further negatively affect the indices.
Trader I. Ivanov
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
