Trading day in one post 26.01.2017

26.01.2017 / 08:47

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Japanese and Hong Kong shares were up more than 1 percent on Thursday, taking their cues from the Dow Jones industrial average shooting past 20,000.

Japan's Nikkei 225 climbed 1.58 percent, extending Wednesday's rally of 1.43 percent. Across the Korean strait, the Kospi gained 0.67 percent, while Hong Kong's Hang Seng was up 1.33 percent.
Mainland Chinese shares were higher. The Shanghai composite inched up 0.13 percent Shenzhen composite added 0.435 percent.
Markets in Australia, India, Taiwan and Vietnam are closed for bank holidays.

Economic calendar:
09:00 Switzerland - Trade Balance
09:00 Germany - GfK German Consumer Climate
11:30 UK - BBA Mortgage Approvals
11:30 UK - GDP
11:30 UK - Index of Services
13:00 UK - CBI Distributive Trades Survey
15:30 USA - Initial Jobless Claims
16:45 USA - Bloomberg Consumer Confidence
16:45 USA - Services PMI
16:45 USA - CB Leading Index
16:45 USA - New Home Sales
17:30 USA - Natural Gas Storage

USD: Dollar remains weak in Asian session. But this trend may change soon as the new President started to implement its promises that can support the greenback.

CAD - Canadian dollar remains stable. The weak dollar supporting commodity which is in support of oil and the strong correlation between the price of black gold and the Canadian has a positive impact on CAD.

GBP - The sterling was the strongest currency in the Asian session. The delay of 50 minutes has a positive impact on the British currency. Possible short-term long positions in Britain.

EUR - The euro is gaining momentum after yesterday. It became clear that the ECB should start talks on tightening monetary policy soon. Both pounds and euro are good for possible short-term long positions.

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Trading day in one post 26.01.2017

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