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- Varchev Finance: Trading day in one post – 27.02.2018
Varchev Finance: Trading day in one post - 27.02.2018
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Loading...Asian Stock Market - Asian markets have advanced significantly, following Wall Street's positivism. Japan's Nikkei 225 rose 1.01%, with technology companies making a major contribution to growth. In Korea, Kospi climbed to 0.50% with technology giants such as Samsung and SK Hynix. In Sydney, ASX200 posted an increase of 0.51%, with Rio Tinto with BHP trading at more than 1%. Markets in China also grew, with Hong Kong trading 0.74%, and Shanghai composite 0.74%.
FX market: USD again lost positions. EUR/USD continues to trade above key 1.23. Medium-term moods around the dollar remain negative. The dollar index did not manage to go over the period and returned to below the psychological level 90, indicating that investors are still negatively affected by the US currency. Later this week, we expect the data on Gross Domestic Product in the country as well as a statement by FED President Jerome Powell. The expectation of the statement is to confirm the rumors that the changes in monetary policy are not so cruel. In the short run, we remain negatively prone to the dollar. CAD: The Canadian currency remains among the strongest in the market. The high oil price supports the CAD seriously. Economic data from the country continues to be better than expected. The sentiment around CAD remains positive, as we will watch for hints from the President of the Central Bank for another increase in the interest rate this year. JPY: It's also among the strong currencies on the market ... but how long? Currently, BoJ is the central bank that has the most negative policy against its currency, and yet the JPY remains strong. We can assume that when stock indices move north again, JPY will lose positions, but for the moment the moods to the Japanese yen are positive.
Commodities market: GOLD - Gold is traded without a major change against the backdrop of the rising stock market. However, gold investors remain in anticipation of potential stock difficulties. OIL: Oil futures indicate a decline, reflecting strong US exports. According to a large number of Wall Street players, the fall in the energy sector is not only due to high interest rates. Analysts are of the opinion that high US oil exports are getting better prospects, and this significantly lowers oil price expectations among investors. Oil investors are of the opinion that the price of black gold will keep between $ 60 and $ 65 a barrel in 2018.
European stock market - Despite strong growth in the US and Asia, European stock futures indicate a negative start on European markets. The DAX30 will start trading downward by 5 points. The French CAC40 will start the session 5 points lower at a price of 5360 euros. The UKX100 will start trading with the biggest drop of 30 points at a price of around 7290 pounds. It seems that the eurozone economy is not performing as well as the central bankers want. Earlier today, Mario Draghi, ECB president, said the decline in the eurozone economy may be higher than expected, and this in turn slow down the rise in inflation. Draggy's comments show that the ECB remains confident of the future inflation growth, backing market expectations for the final closure of the program for quantitative easing.
US Stock Exchange - US stocks closed on Monday high, recovering more than half of their losses at the level of adjustment under conditions of stabilizing interest rates. The blue dow Jones industrial average index added nearly 400 points, with industrial giants Boeing and 3M contributing the most to growth. The main S & P 500 rose by 1.18% with a strong performance of technology, energy and financial companies. The Dow and the S & P 500 have fallen more than 50% from their correction losses. Both indexes are about 3% lower than their January records. Nasdaq composite technology index rose 1.15% at the same time, thanks to a 2% rise in Apple shares and 2.8% on Intel. Yields on 10-year government bonds have stabilized below the psychological level of 3% over the past few weeks. Currently, yields on 10-year government securities are 2,862 percent, which is below the 2.95 percent peak from last week.
Economic Calendar for European and US Stock Sessions: 27.02.2018
09:45 France - Consumer Confidence
10:00 Spain - CPI
11:00 Eurozone - M3 cash reserves
12:00 Eurozone - Consumer Confidence
15:00 Germany - CPI
15:30 USA - Goods for long-term use
15:30 US - Wholesale Sales
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