Trading Day in One Post 26.04.16

Asian session proceeded in negative territory, as investors retreated in anticipation of meeting monetary policies of central banks in Japan and the US later this week. At night, there was no economic data and markets moved mostly in consolidation moves.

In Australia, the ASX 200 hesitated between positive and negative territory, reporting a decrease of 0.33%.

Japan's Nikkei 225 fell by 0.66%. The yen began to rise, despite of speculation about upcoming incentives from the BOJ. USDJPY pair was traded at 110 980 levels.

The Hong Kong Hang Seng Index suffered a drop of 0.81%.

Shanghai Composite fell by 0.28%, while the Shenzhen composite was traded with no changes.

Oil price rose by 0.96 percent in Asian hours, reaching $ 43.05 a barrel.

Economic calendar for today:

11:30 UK - Mortgage loans to BBA
15:30 USA - Orders for durable goods
15:55 Canada - Statement by the Chairman of the BoC
16:45 USA - Combination of Markit PMI
16:45 USA - PMI in services
17:00 USA - CB Consumer Confidence
17:00 USA - FED index of Richmond
17:00 Canada - Budget balance
23:35 US - Oil stocks API

Today, the markets are expected to be cautious, waiting for the solution of the central banks. Rather, the mood of the stock market will be negative in early European session.

Situation of caution makes investors to seek the yen as a safe haven, in consequence of which, yen is expected to rise towards cross currencies. BOJ meeting is on Thursday, as speculation fluctuate from any serious incentives which may increase volatility in the yen in the upcoming days. Good tail lights to be placed a bit farther away.

The US dollar remained under pressure as the Fed is expected not to change interest rates at its meeting this week. Data today for PMI and consumer confidence will have an impact, and investors will assemble a picture of the state of the economy until after the Fed meeting.

The increase in oil prices will support the NZD, AUD and CAD. Today, there is a statement of President of Bank of Canada, as volatility can be used for better positioning in the market.

Later data on crude oil inventories in the US will be closely monitored by oil traders.