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- Trading day in one post 18.04.2017
Trading day in one post 18.04.2017
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Loading...Asian markets opened slightly higher, but couldn't maintain the positive mood for the whole session, and paired their gains by the end of it. U.S. indices closed positive, after the decrease in the geopolitical tension and the indices went up, as the demand for risk heightened.
Japan's Nikkei traded slightly higher with 0.24%, Kospi is with -0,07% increase. Chinese markets showed decline, as Shanghai composite is down with -0.11% and ASX 200 tumbled with -0.96%.
Oil's futures were traded a bit lower during the Asian session around &52.60 per barrel.
U.S. Dollar Index declined to 100.27
Economic calendar for the European and American trading sessions, 18.04.2017
09:00 Germany - WPI
15:30 USA - Building Permits
15:30 USA - Housing Starts
15:30 Canada - Foreign Securities Purchases
15:55 USA - Redbook
16:15 USA - Industrial Production
16:15 USA - Manufacturing Production
17:05 New Zealand - Global Dairy Trade Price Index
17:30 Australia - CB Leading Index
USD - The greenback traded with decline. The sentiment is negative, as the odds for an additional rate hike goes lower. During March, the markets priced in another hike to almost 70%, and now the possibility is around 40%. The economic data from the past week was lower than anticipated. Today we expected reports for the building permits and if they are lower than expected, the declines can go even further.
JPY - The Japanese currency lost momentum during the Asian session and was the weakest among the major currencies. With the decline in the tension levels, JPY lost it's demand as a safe haven instrument. If the Nikkei continues to rise, we can see an additional decline in JPY.
EUR - The common currency remains under pressure due to the political instability in Europe, however the weaker dollar is the reason for the slight rise in EUR/USD.
GOLD - The metal traded lower during the Asian session, following the fake breakaway of the key resistance at $1290 and lowered to $1280. With the decrease in the geopolitical tensions, we expect a decrease in the price of the Gold.
Trader Senan Fuchedzhiev
Varchev Traders Read more:
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