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- Varchev Finance: Trading day in one post – 27.06.2018
Varchev Finance: Trading day in one post - 27.06.2018
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Loading...Asian Stock Market - Asian markets were trading mixed, as rising oil supported energy companies on the one hand, and worries about trade wars down on other sectors. Nikkei 225 in Japan fell by 0.46%, with energy companies expected to peak again, while financial and utility companies declined. In South Korea, Kospi declined by 0.17%. In China, the stock market recorded a slight upward correction, after strong sales in the past two weeks. Hang Seng jumped 0.19% and Shanghai composite by 0.10% In Australia, ASX200 is trading unchanged near the opening price.
FX Market - NZD was in the spotlight over the Asian session after falling by more than 0.50%. The downgrade came after much worse data on business confidence in the country. After the collapse, the NZD / USD is about to break through a key level, after which the price may fall into a free fall. What we need to focus on now is what will follow, a real breakthrough, or just another test at the bottom line of broad consolidation. AUD was also marked by a drop, mainly due to concerns about the war. Today we are expecting a busy economic calendar that will snap traders' eyes on the GBP at 11:30 when Mark Carney, managing director of Bank Of England will hold a speech.
Commodity Market - WTI is again in vogue. Although not directly, the US imposed new sanctions on Iran by banning US oil companies from buying Iranian oil and threatening energy companies in US allied countries with severe sanctions if they continue to buy oil from Iran. GOLD seems to have gone up to $ 1,200 and has nothing to stop it. The precious metal is suppressed by the rising dollar. If we do not see a deeper Sell Off on the stock market, I do not expect gold to adjust.
European stock market - European markets will start the session with very slight increases driven by the growth of energy companies, both in the US and Asia. DAX will open 10 points up, CAC40 with 6 points and UKX with 5 points. During the European trading session, traders will expect Mark Carney's statement from which we expect hints about what Bank of England is about to undertake to tighten monetary policies or maintain current rates and QE.
US Stock Market - US indices ended the session on Tuesday after the shares of technology companies recovered from losses from previous sessions and energy companies reflected the surge in oil prices. Dow Jones added 29.83 points to its value and reached a level of 24282.63 points. The S & P 500 gained 5.99 points to 2723.06 points, while the energy and technology sectors increased by more than 1%. Nasdaq added 29.62 points to its value, rising to 7561.63 points, and Netflix shares rose 4.52%, recovering from losses in the previous session.
Economic Calendar for European and US Trading Sessions - 27.06.2018
09:00 UK - Harmonized Price Index
11:30 UK - BoE Gov Carney talks
13:00 France - Seeking a job for the camp
15:30 US - Main orders for durable goods
17:00 US - Waiting orders for homes
17:30 US - Investments in Crude Oil
17:30 US - Oil stocks
19:15 US - FOMC member Rosengren speaks
22:00 Canada - BoC Gov Poloz talks
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