- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 23.05.2017
Trading day in one post 23.05.2017
Rating:
Loading...Asian markets were trading with mixed moods after they opened higher at the beginning of the session. But the night's incident in the UK has darkened the moods. Currently, investors remain positive about the management of Donald Trump. European indices may rise again if PMI from the Eurozone and Germany is better than expected.
Japanese Nikkei traded with a slight decrease of -0.10%, around 19, 657. ASX200 was down again by -0.03%, Hang Seng traded 0.26% higher and South Korean Kospi gained 0.87%.
The dollar index measuring the strength of the US currency is currently pointing lower, reaching levels around 96.94.
Today, the economic calendar is rich with investors focusing on PMI data.
09:00 Switzerland - Trade Balance
09:00 Germany - GDP
10:00 France- PMI
10:30 Germany - PMI
11:00 Germany - Ifo Business Climate Index
11:00 Euro zone - PMI
12:00 UK - Inflation Report Hearings
15:30 Canada - Wholesale sales
15:55 USA - Redbook
16:45 USA - PMI
17:00 USA - New Home Sales
18:00 Euro zone - ECB's Coeure Speaks
22:15 USA - FOMC Member Kashkari Speaks
USD - The US currency continued with serious losses in the last week but the confidence in the President returned after the deal with Saudi Arabia and successfully diverted negative attention to itself. Analysts believe the currency may fall even before it finds support from investors. We are also looking for clear signals about the end of the correction before we open long positions.
EUR - The euro remains one of the strongest currencies on the market as currently the expectations for QE curbing by the ECB in June is trading. Our expectations remain positive about the euro so far and probably will see the single currency to rise around the levels between 1.14-1.16 before more serious retracement.
GBP - The positive moods are expected to drop and we are likely to see lower pound prices but it will probably not be against the dollar for a while due to the weaker US dollar. Short positions are most likely to be made on the riskier currencies such as the Australian and New Zealand dollars. Inflation data will affect and increase the GBP volatility during the day.
Indexes - US stock index futures are trading higher and almost wipe out last week's losses. The weaker dollar and rising oil prices have a positive impact on the stock prices. The moods at the beginning of the week remain positive but incidents such as this one in the UK today have the potential for short corrections.
Senan Fuchedzhiev - Trader
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
