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- Trading day in one post, 27.04.2017
Trading day in one post, 27.04.2017
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Loading...Markets in Asia were mostly lower in Thursday trade following the lower close on Wall Street as investors parsed details on U.S. President Donald Trump's highly-anticipated tax reform plans.
Japanese Nikkei lost -0.14%, Kospi was down with -0.20%. Shanghai composite declined with -0.42% and Shenzen composite tumbled with -0.73%
ASX 200 added 0.11%, while Kospi lost -0.20%.
Oil's futures were trading lower as well. Brent was down with -0.48% to $51.64 per barrel and WTI lost -0.58% to $49.39 per barrel.
US stock futures were down as well. DJIA lost -0.10% or -21.03 points to 20,975.09, while Nasdaq remained unchanged at 6025.23. S&P 500 declined with -0.05% to 2387.45.
Economic calendar for the European and American trading sessions
09:00 Switzerland - Trade Balance
09:00 Germany - GfK German Consumer Climate
12:00 Europe - Consumer Confidence
12:00 Europe - Business Climate
14:45 Europe - Deposit Facility Rate
14:45 Europe - ECB Interest Rate Decision
15:30 USA - Core Durable Goods Orders
15:30 USA - Initial Jobless Claims
15:30 Europe - ECB Press Conference
16:45 USA - Bloomberg Consumer Confidence
17:00 USA - Pending Home Sales
CAD - Trump agreed not to cancel NAFTA for the moment, which was highly positive for CAD. Today, President Trump has spoken with Mexico's President Pena Nieto and Canada's Prime Minister Trudeau. D. Trump has agreed not to terminate NAFTA for the time being as the negotiations have gone smoothly. This news was very positive for the currency, and the short-termed impulse remains long.
JPY - The Safe-haven currency took some losses during the previous couple of sessions, following the outcome of the first round of the French elections. Today's Asian session announced BoJ data for the interest rate, and the bank's decision was to keep it unchanged. For the moment, we remain short on the Yen.
USD - Yesterday, Donald Trump's tax reform plan was presented, with the market waiting for the Senate to support the proposed changes. Currently, the greenback is under pressure, the short-term and the mid-term trend remain negative. We can look for a short position on USD, after a correction.
EUR - The common currency remains strong on the market. Rumors of the QE exit are positive for the EUR. Today we are looking forward to the ECB press conference and we expect volatility during the news. We remain cautious towards EUR.
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