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- Varchev Finance: Trading Day in one post – 09.05.2018
Varchev Finance: Trading Day in one post - 09.05.2018
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Loading...Asian Stock Market - Asian markets have declined, following Donald Trump's announcement that the US is withdrawing from the nuclear deal with Iran. Japan's Nikkei 225 declined by 0.37%, and like the US, energy companies registered profits. In South Korea Kospi collapsed by 0.14%. In China, markets are still looking for direction, trading close to opening prices. In Australia ASX200 recorded a decrease of 0.17%.
FX market - JPY is in the spotlight, but opposite the expectations the Japanese currency is the biggest decline since the start of the Asian session -0.40%. We expect the yen decline to be short-lived, and the current positions provide a good long positioning capability. USD is traded almost unchanged, but amid losses at AUD, CHF and GBP. Today, the economic calendar is empty of economic news, and what the currencies will be doing are news coming from the White House and Iran. Earlier today, the Iranian president announced his position on the issue of sanctions, saying he remained in the deal despite leaving the United States. However, there are no conflicts in the Middle East that would have fired JPY back to the top. News from China would also move the FX market, but do not expect much, the agreements that concern large investors in both countries have already been accumulated.
Commodity Market - At the moment there is a sure winner and that's oil. Following Trump's statement, which highlighted the US position on the nuclear deal with Iran, oil rose by more than 3%, and this led to support for energy companies. Gold, like JPY, is down, but expectations remain positive. Today the metal will be driven entirely by stock market moods as there are no important economic data in the calendar that could be a catalyst for future metal movements.
European stock market - European markets are expected to launch a mixed sentiment session, reflecting the uncertainty surrounding the US withdrawal from the Iranian nuclear deal and imposing new sanctions on the Middle East. The DAX30 is expected to begin trading at around $ 12934 or almost unchanged. The CAC40 will start one point up, while the FTSE100 is 7 points lower at a price of 7573 pounds.
US stock market - US markets ended stock trading on Tuesday without being significantly influenced by US President Donald Trump's decision to withdraw the US from the Iranian nuclear agreement. Dow Jones industrial average posted an increase from the minimum 0.01% to 24 360.21 points, with J.P. Morgan Chase was the best performing in the index. The broad benchmark S & P 500 ended the session with a fall of 0.03%. The Nasdaq composite tech index also ended with a very small 0.02% growth.
Economic calendar for the European and US Stock Exchange - 09.05.2018
15:30 USA - PPI
15:30 Canada - Building permits
17:30 US - Crude oil inventories
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