Trading day in one post 21.08.2017

Asian Markets wrap: Asian markets were traded negatively, following the negative sentiment on US stock markets on Friday. Nikkei declined by 0.47% and Kospi by 0.17%. Australian ASX declined by 0.48%. Chinese stocks picked up. Shanghai composite rose 0.21% and Hang Seng 0.57%.

Currency market: USD - The dollar remain the weakest currencies. The uncertainty surrounding Trump's cabinet, the departure of key figures from the administration's, and the "taking easy" by the Fed, made the green currency unattractive to investors. Although the latest US economic data was above expectations, the USD failed to keep above 1.17 against the euro, which shows us that the weakness of the currency continues. EUR - The euro, on the other hand, is highly valued by investors. Market participants are waiting for the meeting of central bankers at Jackson Hole this Thursday. Analysts believe that M. Draghi will try to kill the speed at which the common currency rises. JPY - Following the latest bombing in Barcelona, ​​coupled with geopolitical uncertainty around North Korea, the yen continues to be the strongest currency in the market. USD/JPY remains below the resistance of 110.00 and traded with a slight increase for the evening at levels around 109.25.

Commodities Market: Brent crude oil is traded at $52.77 a barrel, and WTI has a 0.06% increase at $48.54 a barrel. GOLD: Gold reached a major resistance of $1300, but failed to close over it, which lowered the bit of bulls. Still, the geopolitical situation remains favorable for raising the precious metal.

European Stock Market: European markets will open with mixed moods on Monday. DAX is 10 points down, CAC with 2 points down and UKX with 10 points increase. Following the Barcelona bombing, investors remain cautious about risky assets, which may exacerbate the index adjustment.

US Stock Market: US stocks fell on Friday for fears that President Trump's recent contradictions will make Congress less likely to work with him to adopt business-positive laws. And the 2 largest US indexes closed down on Friday. DJIA declined by 0.35%, S&P by 0.18% and Nasdaq by 0.09%. After leaving Gary Cohn and Carl Icahn, confidence in Trump dropped significantly.

Economic Calendar for European and American Stock Sessions 21.08.2017

15:30 USA - National Activity in Chicago
15:30 Canada - Wholesale Sales

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