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- Trading day in one post 21.02.2017
Trading day in one post 21.02.2017
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Loading...Japan's Nikkei 225 gained 0.69 percent in afternoon trade as exporters saw fractional gains on the back of a relatively weaker yen.Hong Kong's Hang Seng index fell 0.16 percent in afternoon trade. Chinese mainland markets traded higher, with the Shanghai composite up 0.26 percent and the Shenzhen composite adding 0.71 percent.
Down Under, the benchmark ASX 200 bucked the upward trend to trade down 0.16 percent.
Oil prices were mixed Tuesday afternoon, with global benchmark Brent down 0.11 percent to $56.12, while U.S. crude futures added 0.51 percent to $53.67.
Economic calendar for European and American boerse sessions
9:45 France - CPI
10:00 France - Manufacturing PMI
10:30 Germany - Manufacturing and Services PMI
11:00 EU - Manufacturing and Services PMI
11:30 UK - Public sector net borrowing
12:00 UK - BoE Gov Carney speaks
12:00 EU - EU Finance ministers meeting
15:50 USA - FOMC Member Kashkari speaks
15:55 USA - Red Book
16:45 USA - Manufacturing and Services PMI
19:00 USA - FOMC Member Harker speaks
22:30 USA - FOMC Member Williams speaks
23:30 Australia - RBA Gov Lowe speaks
USD - The dollar jumped against it's main competitors during the Asian hours. The sentiment for USD remains positive. We are expecting the first annual meeting of FED during March, where the expectations for rate hike are fairly significant ( 34 %). Today we are waiting speeches by few FOMC members and the investors will looking for clues about when and how many rate hikes to expect this year.
GBP - March is at the doorstep, and with that the activation of Article 50. Soon investors of the GBP will go frustrated and the volatility will rise. GBP remains the weakest currency, since Brexit GBP fell 30 % against high-risk currencies ( AUD and NZD). We remain negative toward the pound.
CAD - Canadian dollar is among the strongest currencies in the market , because of oil high price, but that can change soon. Even is OPEC continue to keep it's agreement for a production cut, Shale companies are start working in full power and that will tilt the supply again in negative territory, and with that the price of CAD will tumble.
EUR - The upcoming EU votes are prerequisite for volatile EUR. We must me extremely careful during the votes in France, Holland and Germany. Sudden movements are possible as long as triggered stops. We remain cautious and tilting to negative on EUR.
Indexes - Trump's rally is continuing, investors are feeling safe and risk appetite is strong. Soon we will have the new tax reforms, until then we can assume that the rally will continue.
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