Fundamental analysis from New Forex: The Asia-Pacific region

Fundamental analysis from New Forex: The Asia-Pacific region

Posted on February 17, 2017, 11:05 AM

As it was expected, investment activity in the region weakened by the end of the week following the global tendency testimonial of kickback in the main points of world trade reflation. The stock market fell from Sydney to Tokyo and the Chinese shares are also traded with notable losses. Treasury securities in the USA resumed its losses after growing for the first time during the last six days. On Thursday, the dollar grew up a little after its biggest fall within two last weeks. Traders fix profit and overestimate prospects of Trump’s economic plans and probable terms of increase in interest rates. The regional benchmark MSCI lost 0.3% after being closed on Thursday at its highest level since July, 2015. The Hang Seng index of China Enterprises dropped at 1.1% after banks interrupted a victorious series. The Hang Seng index in Hong Kong lost 0.5% having departed from its August maxima in 2015. For today, the Straits Times in Singapore grew by 0.4% against the background of the positive economic data which showed that the economy grew most in high gear more than in five years in the fourth quarter of 2016. Futures for the S&P 500 index practically didn’t change after the longest rally since 2013 slowed down during the European trading session. On Thursday, the yen lost 0.1% to 113.39 for dollar after growth at 0.8%. The dollar slightly grew against the basket of main competitors. The Australian bonds grow already the sixth day in a row and only one basis point isn’t enough to reach 2.8% of profitability. Stanley Fischer, the vice-chairman of U.S. Fed told that the state’s economy is close to inflation purposes of Central Bank implementation signaling that FRS at least than three times this year are going to raise the stakes. His comments directly correlated with statements of the central banker Janet Yellen before the Congress.

NewForex Analyst

Alex Vergunov

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