The Asian markets were traded lower on Thursday.
The Aussie ASX is up with 0.37%. Japan's Nikkei was lower with 0.19%, Shanghai composite lost 0.31% and Kospi declined tumbled with 0.05%
U.S. indices closed with mixed data. S&P 500 gained 0.11%, DJIA lost 0.20% and Nasdaq climbed with 0.38%.
During the Asian session, oil's futures showed decline. Oil dropped 0.08% and Brent lost 0.21%.
Economic calendar for European and American trade sessions
09:00 Germany - German Import Price Index
10:00 Switzerland - KOF Leading Indicators
12:00 Europe - Business and Consumer Survey
15:00 Germany - German CPI
15:30 USA - GDP
15:30 USA - Initial Jobless Claims
15:30 Canada - RMPI
17:30 USA - Natural Gas Storage
17:45 USA - Bloomberg Consumer Confidence
USD - The dollar rose against a basket of major currencies on Wednesday, buoyed by better than expected U.S. home sales data while a slump in both the euro and pound underpinned upside momentum in the greenback. The dollar continued its stuttering recovery from multi-month lows, hitting a session high of 99.96, after the U.S. National Association of Realtors said its pending home sales increased by 5.5% last month, which was far above economists’ forecast of a 2.4% increase. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, gained 0.37% to 99.90
EUR - EUR/USD fell 0.56% to $1.0753, after a report surfaced, suggesting that European Central Bank policymakers are wary of adjusting their policy message in April, as it may lead to a surge borrowing costs for member countries.
GBP - The sterling lost ground against the greenback, after British Prime Minister Theresa May triggered Article 50, with GBP/USD, down 0.35% to $1.2402. The weakness in sterling was directly related to all the uncertainty and questions that we know have, after the U.K. began these proceedings. There's a lot more questions than answers, I do believe that we could see further sterling weakness. We remain short on GBP/USD
JPY - USD/JPY traded largely flat at 111.08, while USD/CAD dipped 0.08% to $1.3373.
GOLD - Gold prices held steady on Thursday, supported by uncertainties on the impact of Britain's departure from the European Union, U.S. policy under President Donald Trump and French elections, but at the same time capped by a stronger dollar.
Spot gold was down 0.1 percent at $1,251.22 per ounce, as of 0059 GMT. U.S. gold futures eased 0.2 percent to $1,250.9.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.