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- Varchev Finance: Trading day in one post – 12.12.2017
Varchev Finance: Trading day in one post - 12.12.2017
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Loading...Asian Stock Market - Asian markets were trading downwards given the Fed meeting where the monetary policy committee is expected to step up its base interest rate in the United States. The Nikkei 225 declined by 0.2% and the main culprit was the car and technology companies. The revival of the financial sector in the region is all the more tangible, as once again the sector is among the best performing. In Korea, KOSPI declined by 0.53%. Technological stocks in the country have risen, but this growth has failed to cover the losses of retailers and cars. ASX200 rose 0.18% after energy stocks rose by more than 1%. In China, Hang Seng rose 0.46%, but Shanghai Composite and Shenzhen fell 0.57% and 0.32% respectively.
Forex - USD remained stable during the Asian session, while investors focused their attention on the Fed's two-day meeting, which will end on Wednesday when the new interest rate is expected to be published. The probability of a raise is almost 100%, and the market is likely to have accumulated the potential movement. NZD: Kiwi made profits after it was clear yesterday that Hadrian received support from the post of Governor of the Reserve Bank of New Zealand. On Monday, the New Zealander rose 1.10%, and is currently trading at a 0.32% increase. CAD has received support during the Asian session reflecting rising oil prices, and we expect this support to be held throughout the day. EUR is traded slightly, investors remain cautious because of Draghi statement later today and the ECB interest rate decision Thursday.
Commodities marker: GOLD is trading slightly up during the Asian session due to the many meetings and statements of central bankers ahead. Even tonight, Mario Draghi will hold a speech at 21:00 on which investors will look for information on what monetary policy the ECB is planning to take. On Wednesday, we expect the FOMC US interest rate decision, and on Thursday we expect the Swiss National Bank, ECB and Bank of England's decision on the key interest rate. The many decisions in such a short period will excite investors, and we are likely to see increased gold volatility and a slight rise. WTI - Oil prices continue for a second consecutive day, backed by the shutdown of the British Forties North Sea oil pipeline. Disruption of the pipeline is a result of a crack and will lead to a significant drop in supply as it serves over 80 platforms. The damage will leave over 400,000 barrels per day out of the market and investors take advantage of it. The Brent variety flowing along this pipeline rose to $65.23 for the first time since 2015.
Cryptomarket: Bitcoin futures grew by more than 25% during its debut session at CBOE Global Markets Inc.'s, realizing 2 temporary suspensions of trade due to high volatility. A third stop of trade would be included if the profits of the futures reached 30%. While bitcoin is particularly volatile cryptocurrencies, many expect the performance of futures to help reduce these big movements by improving liquidity and allowing short positions.
European stock market: European stocks will start trading with a boost following the Wall Street record. The German DAX30 will start trading with 10 points higher at 13160. The French CAC40 will open with a 3p higher at 5407 and the British FTSE100 will start 10 points higher at a price of 7468.
US stock market: US stock indices recorded rallies, reversing the earlier downward trend following the attempted terrorist attack in New York. The Dow Jones blue chip index recorded a record high closing session closing at 56.87 points to 24,386.03 points. The S & P 500 added 0.3 percent and finished at 2 659.99 points, which is also a historic record. The energy and technology sectors were among the strongest in the S & P 500, rising by 0.7% and 0.8% respectively.
Economic calendar for the European and American trader Sessions 12.12.2017
11:30 UK - CPI
11:30 UK - PPI Production Price Index
12:00 Germany - ZEW Economic conditions
12:00 Germany - ZEW Economic sentiment
12:00 Eurozone - ZEW Economic sentiment
15:30 USA - PPI Production Price Index
21:00 Eurozone - Speech by Mario Draghi, Governor of the ECB
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