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- Varchev Finance: Trading day in one post 25.04.2018
Varchev Finance: Trading day in one post 25.04.2018
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Loading...Asian Stock Market: Asian Benchmarks are trading with declines. Japan's Nikkei wiped out 0.58% of its value, and Topix 0.39%. China's markets also declined. Hang Seng is down 0.82% and Shanghai composite and Shenzhen composite are in red territory by 0.31% and 0.02% respectively. Markets in Australia and New Zealand today closed - Anzac day.
FX market: USD is weakening again. Although the dollar index is above key 90, it has not yet managed to get out of consolidation. EUR/USD behaves in a similar way. The pair once again tested the diagonal support of the mid-term consolidation and again failed to break below it. From a technical point of view, we have a price action signal that we can use as a basis for a long position. The sentiment around the dollar remains rather negative despite the contraction policy pursued by the Fed. In the short term, we remain negatively prone to the greenback. CAD: The Canadian dollar weakened last week. Despite the relatively positive comments of the President of the Central Bank, the currency depreciated. This week we are looking forward to further statements by George Poloz, whose comments will most likely give the direction of the Canadian dollar. Fundamentally, the currency should perform well compared to its competitors, mainly because of the high oil price. For the time being, it is better to wait before entering a CAD order. GBP: has fallen significantly over the past few days. The British currency suffered a heavy blow after Mark Carney said the market should not accept the May rate boost for a "100% secure deal." Obviously, after this comment, the market concluded that not only the interest rate increase is not certain, but that another one by the end of the year can not be said.
Commodities market: GOLD remains in consolidation .. as in the last few months. The depreciation of the dollar has a positive effect on the precious metal, but until the US currency does not come out of consolidation, gold is unlikely to do so. However, we can make a profit from trading in consolidation. We can wait for the price to get around the main support or resistance of the channel to take a long or short position. OIL: Futures of black gold indicate a rise in oil during the Asian Hours. Brent crude oil is trading at a 0.2% increase at $75.47 a barrel, while WTI is up 0.2% up and trades at about $69.56 a barrel.
European stock market: European indices will start the mixed sessions. The German DAX will open a 5 point increase around the price of 12437 euros, the French CAC with a 3 point decline around the price of 5400 euros and the UKX UKX with a 3 point increase around the price of 7370 pounds.
US Stock Market: Have we seen a test of the support zone again? Most likely to .. though it did not reach the 200 periodic. The fiscal reporting season in the US is in full swing. We see high volatility, but overall the results of companies are positive. Investors are looking forward to seeing Amazon's report, which will be released on Thursday after the US stock market closes.
Economic calendar for the European and American trade sessions 25.04.2018
9:45 France - Consumer confidence
11:00 Switzerland - ZEW Expectations
23:15 Canada - BoC governor Poloz speech
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