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- Trading day in one post 20.06.2017
Trading day in one post 20.06.2017
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Loading...Most of the Asan indices were up today, due to the fact that the U.S. indices closed on record territory. Also, we await the MSCI Inc.’s decision on whether to include China’s domestic equities in benchmark indexes.
Japanese Nikkei was 1.10% higher, Chinese Shanghai Composite edged lower with -0.11%, HK was unchanged, and ASX 200 lagged with -0.43%.
The JPY was trading lower during the late hours, after the last decision from BoJ to keep the interest rates unchanged. Today was released and the RBA Meeting Minutes and the tone was positive.The risks for the economy are under monitoring, and the Bank is ready to step up if needed. RBA left the interest rates unchanged and gave no indication for future hikes.
Economic calendar for the European and U.S. trading sessions
09:00 Germany - PPI
10:30 UK - BoE Gov Carney Speaks
11:00 Europe - Current Account
14:45 USA - FOMC Member Rosengren Speaks
15:00 USA - FOMC Member Stanley Fischer Speaks
15:30 Canada - Wholesale Sales
15:55 USA - Redbook
22:00 USA - FOMC Member Kaplan Speaks
EUR - The common currency remains one of the strongest in the basket, as Macron won majority on the Parliament Elections, and his policies support the EUR. Hedge Funds remain long on the EUR. The common currency lagged on Monday and was trading near the horizontal suppport around 1.120 due to the strong dollar.
JPY - The Yen weakened throughout the day. BoJ left the interest rates unchanged for another week, which had negative effect on the currency. We remain short on the Yen and long on EUR.JPY and USD/JPY.
NZD - The positive sentiment supports the risk-orientated currencies as AUD and NZD. In Thursday investors await the RBNZ decision and a lot of analysts expect no rate hikes. This might have negative effect on NZD and a possible decline in NZD/USD.
Indices - After US 500 and US 30 made new record highs, we expect the positive movement to continue. There are no new geopolitic risks, which can negate the path of the indices. The markets keep ignoring Fed and it's rate hike. The Tech sector rebounded after a decline last week.
Trader - Senan Fuchedzhiev
Varchev Traders Read more:
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