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Trading Journal

psaTrading
Jul 11 2017 at 06:33
891 posts
Positive signs given by the US employment report boosted Asian indices. The US and US consumers are important customers of the Asian economies' exports, so the employment report has a direct and relevant impact on the respective exchanges.

psaTrading
Jul 12 2017 at 06:20
891 posts
The debt market has been driven by a rise in state yields, caused by the words of the Fed and ECB members. Interestingly, at this stage of the market, European yields seem to be influencing American ones, not the other way round, as is usually the case.

psaTrading
Jul 12 2017 at 11:02
891 posts
In the pre-opening, the European indices traded with contained variations. Although the sentiment is relatively neutral, signals from the debt market are somewhat worrisome. German bond yields were trading above 0.60%, prolonging the rise initiated after the break of the 0.50% technical barrier. Now, institutional investors are carefully monitoring Italian 10-year yields, which trade today at 2.29%.

psaTrading
Jul 14 2017 at 09:49
891 posts
The effects of Janet Yellen’s words continued until the opening of the European session, which was moderately positive. If European equities could continue to benefit from the greater risk appetite of investors, this effect seems to have faded in the debt market. Following yesterday’s intervention by Janet Yellen, European bond yields, as well as their US counterparts, fell back. However, a part of this retreat was lost in the first minutes of today’s session. While German yields remain at levels above 0.50%, investors will continue to monitor, with concern, the behavior of interest rates in Europe.

psaTrading
Jul 14 2017 at 10:04
891 posts
In the pre-opening, the indices of the Old Continent did not show a definite trend. Today's session should be divided into two parts. The first, in the morning, should be characterized by some tranquility with investors following the trend of state yields. The second part of the session will begin with the publication of the results of US banks and the spread of inflation in the US. The latter figure is expected to have an impact on European yields and consequently on the stocks of the Old Continent. Debt markets are highly interdependent, so an increase in yields in the US (if the consumer price index indicates higher inflation) will have an impact on European debt interest rates, which in turn will have an impact stocks in this region. The evolution of yields, more precisely, the differential between US and European interest rates, has been one of the variables that has conditioned the Euro / Dollar exchange rate. In recent weeks, the Euro has appreciated not only against the Dollar, which began to weigh on the European export sector. Today, it was reported that sales in Europe grew only 2.10% in June (compared to June 2016). The country with the highest growth was Italy, which contrasts with the falls in Germany and the United Kingdom. In the latter country, uncertainty over Brexit and the devaluation of Libra (which makes imported vehicles more expensive) has inhibited buyers. The strongest brands were Toyota (+ 13% of sales) and Fiat (+ 7.90%).

psaTrading
Jul 17 2017 at 09:58
891 posts
In the pre-opening, the European indices traded with some gains. In an early stage, the good performance of Wall Street should boost European markets. However, this momentum should be limited by the strength of the Euro. At a time when the Euro appreciates sharply against the US dollar, European markets tend to underperformance with their US counterparts. Despite the dynamism of domestic consumption and investment, European companies continue to have high exposure to external markets. In these economies, many of them going through a less dynamic phase (such as China and on a larger scale to Brazil), the companies of the Old Continent face strong competition from American and Asian companies. The strength of the Euro exacerbates the competitiveness of these companies and also decreases the value of revenues and profits generated there.

psaTrading
Jul 19 2017 at 06:46
891 posts
European markets closed lower due to the behavior of the Euro against the Dollar and some business results. In fact, the Euro reached the maximum since May 2016 against the US Dollar, which harmed the European export sector, such as industrial companies and car manufacturers.

psaTrading
Jul 19 2017 at 11:22
891 posts
In the pre-opening, the European indices traded with modest gains. Under normal conditions, the good performance of the Nasdaq would be enough to drive European markets more decisively, but at the present stage the strength of the Euro represents a permanent obstacle to the Stocks of the Old Continent. Yesterday, the common currency approached 1.16, penalizing European markets and especially German, which historically has a greater correlation with the European currency due to the weight of the export sector in the index. Investors will now monitor the ECB's meeting tomorrow and the long-term resistance of the Euro / Dollar exchange formed by the 1.16 / 1.1616 zone.

psaTrading
Jul 20 2017 at 07:37
891 posts
In the pre-opening, the European indices traded with modest gains. The morning will be based on expectations of the ECB. At today's meeting of this institution, investors will try to find clues as to when this institution will start the process of normalizing its monetary policy. This standardization should be based on the progressive reduction of the asset purchase program and the gradual rise in interest rates.

psaTrading
Jul 23 2017 at 06:37
891 posts
European markets ended on a downward trajectory, due to the continued appreciation of the Euro and some business results that disappointed the market. The Euro appreciated about 0.20% against the Dollar, a day after Mario Draghi alluded to expectations regarding inflation and the potential end of the asset program. In fact, Mario Draghi pointed to the existence of plans to begin the discussion regarding the gradual reduction of the program of quantitative easing already next autumn. In terms of business, the car sector was among the worst performers, given some published results. On a counter-cycle was Vodafone which advanced 0.85%. The British operator reported quarterly revenues of € 10300 M. (2.20% over the same quarter of 2016), which exceeded analysts’ estimates.

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