Trading day in one post 27.01.2017

27.01.2017 / 08:00

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Asian markets were mostly higher after Japan's inflation data showed improvement and markets stateside clocked new record highs, even as threats of a trade war with Mexico brew.

Japan's Nikkei 225 closed up 0.37%, ASX200 is up with 0.68% while Kospi rose by 0.81% and Shanghai composite added 0.31%. Markets in China have holiday today.

U.S. crude futures were flat at $53.78 a barrel on Friday.

Economic calendar for the day 27.01.2017

09:00 – Germany - Import Price Index

09:45 – France - Consumer Confidence

11:00 – Euro zone - Money Supply

11:00 – Euro zone - Private Sector Loans

12:00 – Euro zone - EU Finance Ministers Meeting

15:30 – USA - Core Durable Goods Orders (MoM)

15:30 – USA - GDP (QoQ)

17:00 – USA - Michigan Consumer Sentiment

USD - Dollar seems to find support after the optimism of President Trump and Bank Of America that is bullish for the greenback. Today we expect the GDP of the United States, better than expected data would support the dollar.

EUR - The euro remains stable waiting for the ECB to begin tightening monetary policy. Today we expect data from Europe which could have a favorable impact on the common currency.

GBP - Pounds lost its force after the UK government issued a bill outlining the way for BREXIT. Uncertainty about that project can be adopted adversely affects pounds. We remain short on GBP.

AUD/NZD: Currency risk appetite remains strong as Dow broke above $ 20,000 which increased optimism and now investors are willing to take a risk. Better data from Australia in the Asian session also have a favorable effect on risk currencies.

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Trading day in one post 27.01.2017

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