Trading day in one post 24.02.2017

24.02.2017 / 08:48

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Markets in Asia were mostly lower in morning trade on Friday, tracking a mixed finish in the U.S. on the back of remarks made by U.S. Treasury Secretary Steven Mnuchin.

Japan's Nikkei 225 traded down 0.19 percent while ASX 200 slipped 0.65 percent and Kospi was down 0.44 percent. Meanwhile Chinese mainland shares were mixed, with the Shanghai composite down 0.19 percent, while the Shenzhen composite was up 0.21 percent.

The dollar index traded at 101.07 at 10:17 a.m. HK/SIN on Friday, falling from levels near 101.60 reached earlier in the week.

11:30 UK - BBA Mortgage Approvals

15:30 Canada - Core CPI

15:30 Canada - CPI

17:00 USA - Michigan Consumer Expectations

17:00 USA - New Home Sales

USD - Dollar is the strongest currency today after it became clear that the increase in interest rates approaching. Today we expect US data, while a good data we can see strengthening of the US currency.

GBP - Despite yesterday's rise in the pound sentiment around sterling negative due to the upcoming
March 9 of which must be activated Protocol 50. We can use the correction to look for good places to
entrance of new short positions.

CAD - Canadian remains strong despite of BoC will probably not take action to increase interest rates this year, but high oil prices and the strong economy of Canada have a favorable impact on the country's currency. We remain long of CAD

JPY - The yen remains the weakest currency during Asian hours. The sentiment of most major banks and analysts are negative for the Japanese currency on the other hand, fiscal policy in the country has a strong negative impact on the risk-free currency.

Indexes - indexes pulse seems coming to an end after the statement of Steven Mnuchin. SP500 and DOW are traded almost unchanged on the other hand volatility in SP500 is at its lowest level since 1995, suggesting greater caution in the stock market. We remain cautiously.

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Trading day in one post 24.02.2017

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