Asian shares traded in green as Europe slowly plunges

September 28, 2016

US Dollar can’t get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility. The emerging markets retreat following the Oil market as a part of a safety precaution ahead of the uncertain meeting outcome. The Russian RTS extends its losing streak for the third day in a row sinking 0.79%; the Brazil Bovespa drops 1.10%. On top of that the European equities sunk along with the American shares.

Unlike the rest of the world, Asian shares traded in green with CSI 300 rising by 0.64%, which was fueled by the industrial profits report beating the forecast (19.5% vs. 11.0% exp.). Nikkei 225 gained 0.84%, IDX Composite index rose 1.26%, Korean Kospi added closed 0.77% higher.

Gold investors also took a passive stance with the asset ranging from the $1,336-1346 band.

On the bond market, yields on German 10-YR government bonds plunged by 32% to a deep negative of -0.143, the lowest level since the start of July. Bond yields of Austrian, Belgian and Dutch also fell significantly pointing towards a growing risk-aversion on the markets.

On the currency markets, the EUR/USD trades were nearly unchanged while the GBP/USD dives deeper, weighing down on sterling. Japanese Yen remain strong, although USD/JPY pair shows limited gains due to the bullish outlook for the Japanese currency. Aussie claws some gains due to a relative Dollar weakness. The Swiss Franc trades nearly flat against its American peer.

Crude prices fell ahead of the Algiers event as the data given by the crude inventories is not great. WTI drops 0.98% to 45.57 while Brent loses trades -1.21% lower at 47.36 as of 9:54 GMT.

Publication source
Tickmill information  Tickmill reviews

February 27, 2017
Black gold slightly declined amid the crude inventories report
The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...
February 27, 2017
Markets turn focus towards Trump address to Congress
On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...
February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...

Larson&Holz IT Ltd Rating
Vantage FX Rating
Orbex Rating
 FXTM Rating Rating
NPBFX Rating

OptionTrade Rating
OptionBit Rating
IQ Option Rating
UKoptions Rating
EZTrader Rating
Binary Brokerz Rating