Trading day in one post 23.06.2016

Markets in Asia were mixed in early trade on Thursday, following losses in U.S. stocks, as investors remained on edge ahead of the U.K. vote on whether to leave the European Union (EU).

Australia's ASX 200 was up 0.07 percent, with the materials subindex advancing 1.05 percent. Nikkei 225 was up 0.24 percent, while across the Korean Strait, the Kospi was down 0.39 percent.
Chinese mainland markets opened a tad lower, with the Shanghai composite shedding 0.26 percent and the Shenzhen composite essentially flat. In Hong Kong, the Hang Seng index edged down 0.11 percent.

Dow Jones industrial average closed down 48.90 points, or 0.27 percent, at 17,780.83. The S&P 500 index was down 3.45 points, or 0.17 percent, at 2,085.45, while Nasdaq composite fell 10.44 points, or 0.22 percent, at 4,833.32.

Brent fell 1.5 percent to $49.88 a barrel, while U.S. crude futures dropped 1.4 percent to $49.13.

09:00 UK - Brexit Referendum
10:00 France - French Manufacturing PMI
10:00 France - French Services PMI
10:30 Germany - Manufacturing PMI
10:30 Germany - German Services PMI
11:00 Europe - Manufacturing PMI
11:00 Europe - Markit Composite PMI
11:00 Europe - Services PMI
11:15 Australia - RBA Assist Gov Debelle Speaks
15:30 USA - Initial Jobless Claims
16:45 USA - Manufacturing PMI
17:00 USA - New Home Sales

Market moves were relatively muted, despite lingering uncertainty over the U.K. referendum.

The attention of investors and traders today is focused in referendum on Britain's membership in the EU. The latest sentiment show 44.7 percent to leave and 46.7 percent to stay while 13.5% are undecided.

Possible strong volatility and sharp movements.

GBP - Sterling reached its highest level since early 2016. supported by expectations remain the UK in the EU. If the country voted to remain possible to see strong appreciation of the price at a decision to leave will see a sharp move down.

EUR - Euro ranks second in profits after the pound due to the delay of the release of US interest rates and declining probability of brexit. If the UK keep its EU membership can seek locations for new long positions at correction.

JPY - The yen continues to accumulate losses because of the increasing likelihood Britain to retain membership in the EU. The Japanese currency weakened against all of its dirt currencies and long position is not recommended.

USD - Dollar remains weak after the probability of a recent increase in interest rates decrease. Today, there are data on applications for Initial Jobless Claims and New Home Sales as good data might have mild support to the dollar but nevertheless long position is not recommended.