- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 21.04.2017
Trading day in one post 21.04.2017
Rating:
Loading...Asian markets traded higher during the last session in Asia, after the american gains yesterday gave positive sentiment.
Japanese Nikkei traded with 0.69 % higher at 18557.51, Australian ASX gain 0.22 % to 5852.60. Kospi gained 0.84 % to 2167.18. Chinese markets ( Shanghai composite and Shenzhen composite) increased with 0.07 %.
In US markets, DJIA closed with 0.85 % to 20 578,22, S&P made it's second biggest gain with 0.76 % to 2355.84, as 82 % of it's contain stock increased profits. Nasdaq edged 0.92 % to 5852.60 .
Oil futures declared gains during the asian hours. WTI pop up with 0.08 % to 50.75 dollars for barrel, Brent with 0.04 % to 53.01 dollars for barrel.
Economic calendar for European and American trade sessions 21.04.2017
10:00 France - Manufacturing and Services PMI
10:30 Germany - Manufacturing and Services PMI
11:00 EU - Manufacturing and Services PMI
11:30 UK - Retail sales
15:30 Canada - CPI
16:45 USA - Manufacturing and Services PMI
17:00 USA - Existing home sales
20:00 USA - U.S. Baker Hughes oil rig count
USD - Dollar managed to retrieve most of it's losses in the past day, after the comments of Mnuchin for the upcoming tax reforms. According to the financial minister, the plan for tax reform is almost done. The index of fear ( VIX ) dropped from it's highs, which means that the investors are beginning to restore their confidence to the market.
GBP - After announcing the general election, the pound peaked, as the confidence of the Brexit vote was shaken, and will be in the way of Theresa's May's plans. For the better part of the investors these are mostly speculations and this positive impulse of GBP won't last.
CAD - The short-term decline in oil prices influenced negative the canadian currency. Despite that, the long-term sentiment of the black gold is positive, which means that we can wait for oil price spike in order to long CAD.
GOLD - The cloud of geopolitical doubts is looming over european markets, also the tensed relations with North Korea and Syria are making GOLD preferable instrument by the investors. From technical point of view, the precious metal broke key resistance and is currently testing it, which gives us another opportunity to enter long position.
Jr Trader Alexander Kumanov
Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
