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- Trading day in one post 20.01.2017
Trading day in one post 20.01.2017
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Loading...Asian markets were trading mix overnight, as the American indices closed down.
Nikkei Stock Average climbed 0.52% as the JPY was weaker again. Australian ASX 200 was down with -0.66%, the Shanghai composite was up 0.65%. In Hong Kong, the Hang Seng index declined by -0.66%
The price of Oil was trading without any significant change at level of $51.50 per barrel. The futures of the US indices were slightly up during the night.
Calendar for the European and American session:
09:00 - Germany - Индекс на цените на производителите
11:30 - UK - Retail Sales
15:30 - CAD - Retail Sales
15:30 - CAD - CPI
16:00 - USA - FOMC Member Harker Speaks
19:00 - USA - U.S. President Trump Speaks
20:00 - USA - U.S. Baker Hughes Oil Rig Count
20:00 - USA - FOMC Member Williams Speaks
USD - The currency did find support after the last speeches from the FED Chair Yellen, but not against all other rivals. As FED is planning to achieve its goals with inflation and labor and as Janet Yellen communicated, that it is planned to go ahead with about 3 rate hikes during this year. Today we do have another speech from Donald Trump. We continue to be bullish for the USD.
JPY - The JPY was weaker during the Asian session and the Nikkei was up. There is the possibility that the correction of the JPY pairs is over and we can look for long positions again. We remain bearish against the JPY.
EUR - The common currency was trading without any significant change, even after the ECB's decision to leave rates unchanged. Draghi did not discuss the QE program.
CAD - The canadian dollar does remain relatively strong, in part due to the supported price of the Oil and also due to unchanged rates from the BoC since the last meeting. We continue to be long all the pairs with JPY.
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