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- Trading day in one post 20.04.2017
Trading day in one post 20.04.2017
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Loading...Asian markets started down, but later in the session most of them wiped out the losses and traded positively. The US indices closed with small losses, but indices in Asia rose as the price of oil wiped out some of its losses after dropping by about 4%.
Japan's Nikkei rose 0.26%, the Australian ASX was up 0.19%. China's Shanghai composite made a slight decline of -0.07% and Hang Seng rose 0.41%.
The dollar index continued to trade below the key level of 100 and is at 99.75.
The US markets closed lower on Wednesday. DJIA declined by -058%, S & P -0.17%, only Nasdaq saw a slight increase of 0.23%.
As a result of the sudden elections in the UK, GBP continued its growth against all currencies.
Economic calendar for European and American trading sessions
09:00 - Germany - PPI (MoM), (Y0Y)
15:30 USA - Initial Jobless Claims
15:30 US - Philadelphia Fed Manufacturing Index
18:30 United Kingdom - BoE Gov Carney Speaks
20:15 USA - Treasury Secretary Mnuchin Speaks
USD - The dollar continued to fall most against GBP and NZD. Investors are beginning to have fluctuations for the next planned increases in the interest rates. Chances for 2 increases fell below 40%. In the short term, we remain negatively prone to the dollar.
The pound keeps its profits from the past day. GBP sentiment is positive. We can look for long positions, but only after a key level test.
CAD - The Canadian dollar fell against all currencies, as the price of oil fell rapidly after the data about Crude Oil Inventories. The short-term trend for CAD turned to a negative with the drop in the price of oil. We will look for EUR / CAD and NZD / CAD long positions after a correection.
Indices - The correction of indexes continues and we may see lower values if the price of Oil breaks below $ 50 per barrel. Investors are worried about the French election and report this event as a risky one as there is no clear lead candidate and Marine Le Pen is still could possibly win. There is an increased demand for risky currencies, and this may indicate a change in sentiment risk after the yen has begun to lose its strength.
Trader Senan Fuchedzhiev
Varchev Traders Read more:
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