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- Trading day in one post 22.03.2017
Trading day in one post 22.03.2017
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Loading...The markets in Asia were traded lower a cross the board and with much more losses than the US indices today. The risk off sentiment and lower price of Oil put pressure on the indices and JPY was stronger.
Japanese Nikkei fell by -2%, ASX 200 was down with -1.60%, Kospi traded lower as well -0.58%. Shanghai Composite lost -0.73%, Hang Seng fell by -1.40%.
Price of Oil was again lower and reached $47.90 per barrel.
Calendar for the European and US trading session:
11:00 - EU - Current Account (Jan)
13:00 - US - MBA 30-Year Mortgage Rate
13:00 - US - Mortgage Market Index
13:00 - US - MBA Mortgage Applications (WoW)
13:30 - EU - ECB's Lautenschlaeger Speaks
15:00 - US - House Price Index (MoM) (Jan)
16:00 - US - Existing Home Sales (Feb
16:30 - US - Crude Oil Inventories
22:00 - NZ - RBNZ Interest Rate Decision
USD - was trading lower again, but without large moves. Investors are awaiting the speech from Janet Yellen in Washington and also Congress to hear the proposition of President Trump and his proposal for the Health care reform. If the President of the Central Bank sounds unsure of the next rate hikes or if the reforms are blocked by the Congress on Thursday, we may see another wave of dollar weakness. Today we are expecting the data for the existing home prices. We remain dollar long but we wait for clear signal for new longs.
GBP - The currency does remain under pressure due to the activation of Article 50 later this month on the 29th. The expectation of the analysts is for short term move lower and then we might see a move higher. The GBP continue to trade higher after the better than expected inflation data.
EUR - was fairly strong, but this is most likely only a correction. The negative sentiment against the Euro does remain, as the uncertainties due to the elections for President do remain in France, Germany and Holland and elections in Italy. Macron did win the first public debate.
GOLD: The precious metal traded strongly higher due to the weak USD, no risk appetite and all of the uncertainty was positive for Gold.
Индекси: Markets fell by about 2% in Asia and by 1% in the US, this might be the start of the expected correction. DOW - 20,668, S&P - 2,344, NASDQ - 5,794.
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