Trading day in one post 20.03.2017

20.03.2017 / 08:20

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Today Asian markets were trading with mixed sentiment again after the slight decline on the US stock indices at Friday.

Japanese Nikkei 225 fell by -0.35%, ASX 200 declined by -0.49%. Kospi pointed to lower by -0.50%, while Shanghai Composite did a slight increase by 0.07%, Hang Seng index also rose by 0.57%.

Oil prices continue to be under pressure and dropped slightly to $48.35 per barrel. If oil prices remain at these levels or continue decline, that will have a strong negative impact on the indexes and is likely to see a decline on their values.

Calendar for European and American sessions:

09:00 - Germany - PPI (MoM), (Y0Y)

12:00 - Europe - Wages in euro zone (YoY)

14:30 - USA - Chicago Fed National Activity

14:30 - Canada - Wholesale sales (MoM)

16:00 - France - BTF auctions for 3, 6 and 12 months

16:30 - Australia - CB Leading index (MoM)

18:45 - Germany - German Buba President Weidmann Speaks

19:10 - USA - Chicago Fed President Evans Speaks

20:20 - UK - BoE MPC Member Haldane Speaks

USD - The greenback continued to weaken against all other currencies. The correction in the dollar continues. We stay long on the dollar but will wait for clear signals for promotion before buy.

GBP - Remains under pressure and this situation will continue until Article 50 runs, which is expected to happen this month. It is likely to see a short-term decline on the GBP and after that we can expect increase on the currency. We remain short on GBP/USD.

CAD - Canadian currency is relatively weak as of the lower oil prices. Probably the currency may gain as BoC will not lead to policy of incentive.

JPY - The yen remains the weakest currency as investors continue to look for asylum from the geo-political uncertainty and the interest to the yen and frank continue to grow up. This situation will probably continue as long as we expect the EU elections.

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Trading day in one post 20.03.2017

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