Trading day in one post 23.01.2017

Asia markets wavered on Monday, as investors looked past a weekend dominated with Donald Trump inauguration headlines and await clarity on policies including plans to possibly renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal.

Australia's ASX 200 fell 0.84 percent after initially trading higher, as its industrial subindex dropped 4.34 percent. Japan's Nikkei 225 dropped 1.12 percent, likely weighed by the advancing yen as the dollar/yen pair slipped below the 114 handle.

Mainland Chinese shares were positive: the Shanghai composite was up 0.34 percent, while the Shenzhen composite gained 0.813 percent. Hong Kong's Hang Seng was near flat, earlier trading up as much as 0.8 percent.

In currency markets, the dollar index, which measures the greenback against a basket of currencies, traded lower at 100.3. Against the dollar, the yen was stronger at 113.756, while the Australian dollar was fetching $0.7573.

Global benchmark Brent crude futures were up 0.23 percent at $55.62 per barrel, while U.S. crude futures were up 0.21 percent at $53.32.

Spot gold was up 0.6 percent at $1,217.04 an ounce, compared to last week's levels in the range of $1,198.56 to $1,217.20.

Stateside, U.S. markets last closed higher in choppy trade with the Dow Jones industrial average was up 0.48 percent at 19,827.25, while the S&P 500 closed higher by 0.34 percent at 2,271.31, and the Nasdaq composite added 0.28 percent to close at 5,555.33.

Economic calendar for European and American boerse sessions

13:30 EU - ECB President Draghi speaks
15:30 Canada - Wholesale sales
17:00 EU - Consumer confidence

USD - The dollar dropped during the first day on the week. The investors want clarity around Trump's plans , before they resume buying the USD. For the moment the dollar remains in middle-term lont-trend against the euro, and managed to breaks the resistance at 1.07. In short-term period we are bearish toward the dollar.

JPY - Yen is the strongest currency in the market for the moment. It's icrease against the dollar from the beginning of the week is 0.78 %. The pair did not managed to break the key level at 115, which indicates that the decrease is more likely. For the moment we are bullish toward the Yen.

CAD - The canadian dollar may be facing big problems before Trump. If after NAFTA's re-start negotiations are negative for Canada more than in this moment, that will complicate the trade of the country and this will be highly negative for the currency. Usually the canadian dollar is moving along with the oil, higher priced oil= higher CAD, and at the moment expectations are for rising oil price.

EUR - EUR is strong against it's most competitors. The dollar weakness is positive for the common currency . Today we are expecting speech by ECB's president Mario Draghi at 13:30 GMT +2. During his statement there will be high volatility in EUR pairs.

Read more:

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• Oil rises after OPEC+ says to keep output cuts
• The Weakest Currency Of Them All
• China: April growth weakened due to distortions
• IMF cuts global growth outlook again