- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 31.03.2017
Trading day in one post 31.03.2017
Rating:
Loading...Asia traded mixed on the last day of the week.
Japan's Nikkei 225 was up 0.66 percent. The australian ASX fell 0.02%.
Chinese markets increased. Shanghai composite is up by 0.27% increase, and Shenzhen composite by 0.28%. Hang Seng decreased 0.53%. Kospi decrease 0.03%.
The dollar index rose above the psychological level of 100 and is trading at levels of 100.52 against its main competitors.
US markets closed with an increase on Thursday. DJIA is increased 0.33%, S & P by 0.29%, and Nasdaq by 0.3%.
Oil futures have shown that black gold is a fall in Asian hours. Brent oil decreased 0.25% to 52.83 dollars a barrel, while WTI decrease 0.18% to 50.26 dollars a barrel.
9:00 UK - Housing price index
9:00 Germany - Retail Sales
9:45 France - CPI
11:00 Germany - Unemployment rate
11:30 UK - Gross domestic product
12:00 EU - CPI
15:30 USA - Personal expenses
15:30 Canada - Gross Domestic Product
16:45 USA - Chicago PMI
17:00 US - Consumer confidence in Michigan
21:00 USA - Baker Hughes working oil platforms
USD - Dollar is back after a series of losses in recent days. Trump moved his focus on the tax reform which is positive for the greenback. Some of the FOMC officials had speeches last week. Some people think that FED should at least 3 times till the end of the year not to "overheat" the economy. We remain long on the USD.
CAD - Canadian dollar enjoys strong support from the rising oil prices. The correlation between the two instruments is strong. Today we expect data on gross domestic product. A higher data than expected should be positive for the CAD.
JPY - The yen started losing ground as investors calmed down and started to invest in riskier instruments. The BoJ Fiscal policy is negative for the currency, and the one thing that led to the rise of the yen in the last two weeks was uncertainty about Trump's reforms. Without this factor, the yen began to lose positions. We remain negative towards JPY.
EUR - The euro again felt the pain of the speculations that Le Pen would win elections in France. A victory of the populist party, we will see a significant weakening of the single currency. Also we expect clarity about monetary policy. It is planned gradual reduction of QE this year, which will be positive for the EUR.
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
