- Home
- >
- Daily Accents
- >
- Varchev Finance: Trading day in one post – 10.04.2018г.
Varchev Finance: Trading day in one post - 10.04.2018г.
Rating:
Loading...Asian Stock Market - Asian markets covered part of the losses after Chinese President Xi Jinping's comments that China would become even more open by completely eliminating tariffs. New measures will include the elimination of import tariffs for cars and other products. In Japan, the Nikkei 225 advanced 1.08% after the beginning of the day in a negative territory. Meanwhile, South Korea's Kospi Index erased the earlier losses by 0.25%. Hong Kong's Hang Seng Index rose 0.9% after this preliminary call was opened this morning. On the mainland, Shanghai composite fell 0.48% and Shenzhen was 0.05%. lower. In Australia, SP ASX 200 rose by 0.7%.
FX Market - Against the backdrop of significant events, both in the world and in the US, the USD remains extremely calm. If we compare it to the pound we will see a trend and an accelerated slope create expectation for extra raise in the pair. The price is close to diagonal support, allowing for long positions after a slight adjustment to 1.4030. Expected JPY, along with the rest of Safe Haven, is down. It seems that the Chinese president will have no less impact on the Trump markets. AUD and NZD mark a rise in the background of the improving environment in Asia.
Commodities market: WTI rose 0.6 percent to $ 63.76 a barrel. Gold fell 0.23% to $ 1.333 per ounce. The pressure from the United States and the better technologies that allow for a lower Break Even will lower the oil price below $ 60. Not long after, we will also see the complete failure of the agreement between the member states of the organization. Why? Because the treasuries of most of the countries are waning at the moment, mainly because of the reduced yield. A price of less than $ 60 will force them to step out of the deal and focus on increasing production, and this will lead to the domino effect.
European stock market - Futures of European indices indicate a strong positive start after Xi Jinping's speech. The DAX30 will open with over 150 points at a price of € 12380. The French CAC40 indicates that it will begin official trade by more than 60 points. The FTSE100 is also not lagging behind, expecting a very strong momentum right from the start. The British index will open at 120 higher at a price of about 7241 pounds.
US Stock Market - Wall Street indices close with first-week session boosts, supported mainly by Amazon and Boeing. The withdrawal of investors at the end of the trade was triggered by the information that FBI officials had invaded the cabinet of Donald Trump's personal attorney, Michael Cohen. Dow Jones rose 0.19 percent to 23979.10 points after breaking over 400 points in the last hour of the session. The broad index S & P 500 also moved green on the ground by 0.33% to 2613.16 points. Nasdaq jumped 0.51% to 6950.34 points.
Economic Calendar for the European and US Stock Market Session 10.04.2018
11:30 USA - Speech by Robert Kaplan, Fed member
12:30 UK - Speech by Andy Haldane, BOE member
15:15 Canada - Primary Housing Construction
15:30 USA - PPI
15:30 Canada - Building permits
23:30 US - API Crude oil inventories
Trader Petar Milanov Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
