- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 27.02.2017
Trading day in one post 27.02.2017
Rating:
Loading...The Markets during Asian session were trading lower during the night, after the another record US session last Friday.
Nikkei 225 was lower by -0,91%, ASX 200 fell with -0.31%, as the Kospi traded negatively by -0.23%. Stocks in China were in the red as well, as the Shanghai composite fell by -0.24%.
The DXY, that measure the strength of the USD against a basket of currencies was trading around 101.130, without much change from the previous session.
Calendar for the Upcoming trading sessions:
10:15 - Swiss - Employment Level (Q4)
11:00 - Euro zone - M3 Money Supply (YoY) (Jan)
11:00 - Euro zone - Private Sector Loans (YoY)
12:00 - Euro zone - Business and Consumer Survey (Feb)
12:00 - Euro zone - Business Climate
12:00 - Euro zone - Consumer Confidence
12:00 - Euro zone - Consumer Inflation Expectations
12:00 - Euro zone - Services Sentiment
12:00 - Euro zone - Industrial Sentiment
15:30 - USA - Core Durable Goods Orders (MoM) (Jan)
17:00 - USA - Pending Home Sales (MoM) (Jan)
17:30 - USA - Dallas Fed Mfg Business Index (Feb)
18:00 - USA - FOMC Member Kaplan Speaks
23:45 - NZD - Imports/Exports
23:45 - NZD - Trade Balance (YoY) (Jan)
USD - It continue to be traded in a familiar range, without any big moves, but we do see some support for the USD. If the data for the Durable goods and Pending Home Sales come out better than expected this could boost the support the greenback. We do remain long USD but against the weaker currencies , like the GBP/USD.
GBP - The jump in the price of the pound, will not last for too long and we expect to falter and continue to fall even further down, below the previous lows. The negative sentiment and the uncertainty around the Brexit process is weighting on the currency. The better than expected economic data will have only a temporary support for the currency.
CAD - Canadian currency does remain remarkably strong, supported by the Crude Oil price. The BoC would most likely not make any changes to its current fiscal policy. Better economic climate in the USA is also helping the Canadian economy. We are long the CAD with caution.
JPY - Again it was the strongest currency during the Asian session tonight. Despite that most of the analysts are calling for lower JPY, the currency continue to have strength as the Risk Aversion trade continuous and the currency is wanted as a safe heaven. This situation might continue for some months more, as there are political risks coming up. We remain long the JPY with caution.
Индекси - The impulse of the indices only looked as it will died down, but during the last Friday, indices again went up to record levels, so we continue to expect higher prices, unless there is clear sign of a reversal. Markets did make a very breath and short correction during the speech from Steven Mnuchin. The bullish impulse is likely to continue and we remain cautious for the indices, as a correction might be fast but it will not last.
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
