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- Varchev Finance: Trading day in one post – 19.03.2018
Varchev Finance: Trading day in one post - 19.03.2018
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Loading...Asian Stock Market - Asian markets were trading mixed, while investors are eagerly awaiting the Fed meeting on Wednesday. The Japanese Nikkei 225 fell sharply by 0.93% after watching the sale of technology stocks, mainly because of Apple and their decision to develop their own display and not to buy from Samsung. Kospi declined by 0.44%, with leading companies in the downsizing. In China, Hang Seng is 0.31% in negative territory. Shanghai composite lost 0.12% together with Shenzhen composite.
FX market: The Bloomberg Dollar Spot Index is trading unchanged after advancing 0.25% in the previous session, the highest increase in 2 weeks. The euro traded down to $ 1.2265. The yen gained 0.3% to 105.98 per dollar. NZD lost 0.3 percent to 72.55 US cents. Keep an eye on the yen. A USD / JPY cut below the key levels of 105.80 / 106.00 will lead to stronger sales, which will completely diminish already vulnerable risk sentiment. As it became clear, large hedge funds also significantly increased their long positions in JPY. News on scandal about land sales or trade is all that needs to cause market failure. Against the backdrop of rising JPY, all other currencies are down. Given the declines in shares in Asia, AUD and NZD are down 0.22% and 0.21%.
Commodities market: West Texas Intermediate crude remained unchanged at $61.95 a barrel. Gold also remained stable at $1,311.26 per ounce, after falling by 0.7%. OPEC predicts that the rivals of the cartel will be the cause of the next oil depreciation. The blooming US industry and US oil extraction will outweigh the demand on a global scale. In their recent cartel report, oil extraction in the United States will rise for at least four consecutive months until it reaches 1.66 million barrels of surplus oil. The output of non-OPEC countries and Russia will cover the cuts in yields they have made and ultimately losers will be OPEC.
European stock market: Futures of European indices indicate a negative start on the markets in Europe. The German benchmark DAX30 will start trading 30 points lower, reflecting the uncertainty of Wall Street and Asia. The French index CAC40 will start trading downhill by 16 points at a price of 5260 euros. The UKX remains the most stable, but it will also run in negative territory by 10 points at a price of around 7144 pounds.
US Stock Market: Weak growth in the US stock exchange on Friday was not enough to avert the total loss this week caused by fears of a possible trade war and turmoil in the White House. The Dow Jones blue chip benchmark fell 1.5 percent this week after Boeing's stock fell 6.7 percent on account of commercial strain. Within the day, the index recorded an increase of 72.85 points. The broad measure of the US economy, SP500, wiped out 1.2% for the week, despite 0.2% growth on Friday. The Nasdaq technology benchmark closed almost unchanged at 7,481.99 points, despite a 1.4 percent decline in Alphabet stocks and a 0.7 percent drop in Amazon shares. The index also wipes out 1% of its value per week.
Economic calendar for European and US trade sessions
12:00 Eurozone - Trade Balance
15:40 USA - Speech by Raphael Bostic, member of the Fed
20:00 Eurozone - Speech by Mersch, Member of the ECB
23:00 New Zealand - Westpac consumer sentiment
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