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- Trading day in one post 22.06.2017
Trading day in one post 22.06.2017
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Loading...All Asian markets recorded gains today, ignoring the weaker Wall Street session.
The Nikkei 225 gained 0.16% and Kospi edged higher with 0.30%. Aussie's ASX 200 was up 0.80%. The Hang Seng Index were gained 0.62%, and The Shanghai Composite rose with 0.76%.
Oil's price was under pressure, after reaching $41.08, due to the concerns of the glut in stockpiles. USA and other suppliers continue to dig the black gold with record pace. The oil's market also digested the news, that Princ Mohammed form Saudi Arabia will be the new monarch.
Economic calendar for the European and U.S. trading sessions
09:00 Switzerland - Trade Balance
11:00 Europe - ECB Economic Bulletin
13:00 UK - CBI Industrial Trends Orders
15:30 USA - Initial Jobless Claims
15:30 Canada - Retail Sales
16:00 USA - House Price Index
16:45 USA - Bloomberg Consumer Confidence
17:00 USA - FOMC Member Powell Speaks
17:00 Europe - Consumer Confidence
18:00 USA - KC Fed Manufacturing Index
USD - The dollar was lower during all of the trading sessions throughout the day, due to the stronger EUR, the RBNZ decision to keep the interest rates unchanged and the weaker price of the gold. We continue to look for clearer signals for a long position, however this might take a while.
GBP - The volatility in GBP increased the most compared to the other G-7 currencies. A government speaker said that a interest rate hike might be on and the currencies price went up. The economic risks for the country are growing stronger and we expect the currency to remain under pressure.
JPY - The JPY fell during the European and American session, however during the late hours of the Asian session it gained some ground. The short term trend remains long and all of JPY's pairs were lower, as the biggest loser was the GBP/JPY. The market's sentiment remains positive and the Yen is expected to remain weak, however the currency pairs are under pressure. Nikkei continues its way up, which is pushing down the currency.
Indices - Indexes continue to be traded with gains, as there are still no clear signals for a deeper correction. In the lack of any geopolitical risks the sentiment remains risk-orientated amid investors. The Tech and Biotech sectors were the biggest gainers, and the energy sector is down, due to the weak Oil. At the moment the long positions are too risky and we remain wary.
Trader - S. Fuchedzhiev
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