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- Trading day in one post 28.09.2017
Trading day in one post 28.09.2017
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Loading...Asian markets traded weaker on Friday as comments from President Donald Trump on an existing free trade pact with Seoul to payment for a sophisticated anti-missile system caught investors by surprise.
The Japanese Nikkei fell by -0.18%, Shanghai composite fell by -0.27%, and Shenzen composite collapsed by -0.73%.
ASX 200 declined by -0.19% and Kospi lost -0.06
Oil futures rose. Brent rose 0.39% to $ 49.23 a barrel.
Economic calendar for the European and American trading sessions - 28.04.2017
08:30 - France - Gross Domestic Product
09:00 - Germany - Retail Sales
09:45 - France - Consumer spending
09:45 - France - Consumer Price Index
11:30 - UK - Gross Domestic Product
12:00 - Eurozone - Consumer Price Index
15:30 - US - Gross Domestic Product
15:30 - Canada - Gross Domestic Product
20:00 - USA - U.S. Baker Hughes Oil Rig Count
20:15 - USA - FOMC Member Brainard Speaks
21:30 - USA - FOMC Member Harker Speaks
CAD - The Canadian dollar is currently the weakest currency. Despite the rising cost of oil and its strong correlation with the Canadian currency, the currency is losing its positions on its crosses. If the price of oil continues to rise, we may see a rise in the Canadian dollar.
JPY - The safe-haven currency suffered several consecutive loss sessions as a result of the outcome of the first round of the French elections. Today, the yen is the strongest currency since it reached levels of support over its major crosses. We can look for long positions at JPY after correction.
AUD - Following the rise in risk appetite, the Australian received support. The Kangaroo was trading with a rise in the Asian session, as it appears that this trend will remain after the better data on PPI from Australia. We can look for AUD long positions.
Indices: The indices are traded unchanged, as investors are cautious due to growing uncertainty surrounding tensions between the United States and North Korea. We remain cautious about the indices.
Junior Trader Stefan Panteleev
Varchev Traders Read more:
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