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The Chinese equities rebound could trigger reloading of risky assets

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 8, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    The Asian equities markets could watch finally today serious try to recover their losses sending the US equities future indexes up, driving the gold and Japanese yen down with lower demand for safer assets, while the demand for reloading risky assets could send the US Treasuries prices down to have higher yields.

    The return of some lost confidence could help the oil prices also to have a chance to rebound to watch WTI now close to $34 per barrel, after massive selling sent it to new 12 years low reaching $32.10 earlier yesterday.

    The Loonie tracked the oil prices rebound to see now USDCAD setting back to 1.4080, after reaching yesterday 1.4167 which has been its highest reached level since August 2003.

    While the markets are getting ready to receive Dec US labor report which is expected to show gaining of 200k jobs out of the farming sector with unchanged unemployment rate at 5%, after Dec US ADP Employment change has shown earlier this week soaring by 157k, while the consensus was referring to increasing by 192k, after adding 211k in November.

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
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