- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 23.02.2017
Trading day in one post 23.02.2017
Rating:
Loading...Markets in Asia traded mostly lower on Thursday, following a mixed close in U.S. equities overnight as minutes from the Federal Reserve's previous meeting hinted that a rate hike is coming "fairly soon."
In Japan, the Nikkei 225 traded down 0.27 percent, while across the Korean Strait, the Kospi was fractionally lower at 2,106.13. Hong Kong's Hang Seng index was off by 0.46 percent, while Chinese mainland markets also traded lower. The Shanghai composite was down 0.39 percent and the Shenzhen composite fell 0.29 percent.
Australia's ASX 200 fell 0.27 percent in afternoon trade, with gains in most sectors offset by a nearly 2 percent drop in the materials sector.
Oil traded higher Thursday morning Asia time, with U.S. crude up 0.90 percent at $54.07 a barrel, while Brent climbed 0.86 percent to $56.32.
Economic calendar for European and American boerse sessions
9:00 Germany - GDP
10:15 Switzerland - Industrial orders
15:30 USA - Initial jobless claims
15:35 USA - FOMC member Lockhart speaks
18:00 USA - Crude oil inventories
USD - Since the last report from FOMC we get that the rate hike is coming and you can tell that by the market. The investors are preferring the green currency. Today we are expecting data from USA about initial jobless claims at 13:30 GMT, is the data is lower than expected we may see USD increase. We remain bullish on USD.
GBP - Investors are on stand by and wait to see what will 9th of March will bring and will Article 50 will be invoked. We are expecting increase of the volatility in GBP pairs. The sentiment is negative for the currency. But if the activation of the article is delayed for after 30th of March, we will probably see increase of the price of GBP.
CAD - The canadian currency remain strong because of high oil price. Despite, that BoC will probably remain silent for rate hike this year the economic of the country is stable and strong. We remain bullish on CAD.
JPY - JPY is considered from most of the banks and analysts for weak and that will not change soon. The fiscal policy of BoJ is strongly negative for the currency. Despite that in time of political uncertainty, JPY is used for a hedge instrument, and this year there are elections in France, Germany and Holland, so we must remain cautions on JPY pairs.
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
