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- Varchev Finance: Trading day in one post – 12.04.2018
Varchev Finance: Trading day in one post - 12.04.2018
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Loading...Asian Stock Market - Asian assets were trading in mixed moods as tensions in the Middle East escalated. The Nikkei 225 was down 0.08%, while ASX200 declined by 0.16%, while in Korea, Kospi recorded an increase of 0.08%. In China, the situation is similar, Hang Seng rose 0.39%, Shanghai composite fell by 0.11% and Shenzhen climbed 0.11%. During the Asian session, there were no news items that could have an intraday or long-term impact on the FX or the stock market.
FX market - It looks like the FX market is scared by the escalating tension. USD is trading with a 0.05% decrease, and today we expect data on unemployment claims at 15.30. I expect investors not to report the news particularly strongly, as all attention will be directed to Syria. Investors await Trump's response to Syria over the weekend's chemical attacks. JPY registered slight declines to date, but the trend in the currency of currency remains long, as tensions in Syria remain unchanged. NZD and AUD have risen slightly, mainly due to the tune-up between China and the United States. This may be in the short term, as the White House's attention is now focused on the Middle East, not on trade relations with the world. EUR traded only 0.01% higher in anticipation of a range of euro area data. I expect increased volatility in the euro, as there are economic data on the state of the eurozone throughout the day as well as speeches by central bankers. At 14:30, we also look forward to the ECB's report, which will drive the most united currency.
Commodity Market - Undoubtedly, oil is the focus of attention in the wake of a political storm in the world. Trump promised a blow to Syria and investors are waiting for him! At the same time, hedge of crude oil supplies supported the raw material, and it has successfully established over $ 67 a barrel - levels last reached in 2014. GOLD has returned some of the profits accumulated yesterday, but as I said, the tension is yet to escalate. We are waiting for news from the Middle East, with every blow impacting gold and oil. Looking at the circumstances, Safe Haven tools and raw materials are the only winners.
European stock market - Like the markets in Asia, European investors will enjoy a low volatility and awaiting Trump's decision to hit Syria. European benchmarks will open without any change: DAX30 with 10 points higher at the price of € 12287, the French CAC40 will start 5 points higher at the price of about € 5276 and UKX without any change. Investors expect the ECB report at 2:40 pm to look for signs of mood swings among Central Bank members and late at night, at 10:00 pm Mark Carney will give a statement and detailed information about Bank of England's future intentions. I expect strong movements in GBP and weaker ones at UKX100.
US Stock Market - The US indices did not really like Trung's insults against Russia. During the session yesterday Dow Jones collapsed by 125 points to $ 24282, Goldman Sachs was the leader in the fall in stock index. At SP500, the decline was symbolic, only 4 points, but the low volatility made it clear that investors avoided investment decisions because of geopolitical tensions. Today, I expect the indices to remain low volatile, and in a US-led fact-hit on Syria, the decline will be the more logical path of the stock. Today, during the US session, important economic data on the calendar is missing, and the direction will be dictated by the Pentagon. The probability of a possible trade war continues to weigh on the bulls, and Facebook has suffered another negative day on Wall Street yesterday, while Chief Executive Officer of technology giant Mark Zuckerberg testified before the Senate Justice and Trade Commission.
Economic calendar for European and US trade sessions - 12.04.2018
09:30 UK - Speech by Dr Ben Broadbent, Member of BOE
09:45 France - CPI
12:00 Eurozone - Industrial Production
14:20 US - OPEC Monthly Report
14:30 Eurozone - ECB report
15:15 Eurozone - Speech by Benoit Coeuré, Member of the ECB
15:30 US - Jobless Claims
19:00 Germany - Speech by Jens Weidmann, President of the Deutsche Bundesbank
22:00 UK - Speech by Mark Carney, Governor of Bank Of England
Trader Petar Milanov Read more:
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