The Asian markets are trading on a mixed note on the last day of the global trading week, after the negative closing on Wall Street yesterday after it became known that US President Donald Trump’s bill to reform the Obama-Kerr was rejected.
Hong Kong stocks fall, Japan and China are rising.
Japan’s Nikkei is trading more than 0.9% today, at the background of the weakening of the Japanese yen against the US dollar.
Japanese exporters whose revenues in dollars lead the gains on the Japan Stock Exchange.
Later in the day, macro data from the US and Europe will be published.
This morning, Wall Street futures are signaling a positive opening for the day.

Trading Opportunity
GBP/JPY

On an hour chart, after a small rise, a triangle pattern is developing.
If the pair will go above the upper resistance of the triangle, around the level of 139.30, there would be an opportunity to join in with the rising trend for a short and up to a medium time frame.

Yesterday Wall Street indexes plunged sharply of five months.
The reason was the growing concerns about Trump’s ability to pass his healthcare reform that eliminates the Obama-Kerr.
Today the vote is expected to take place in the House of Representatives, and the tension is of course very large, especially since the capital market understands that today’s failure is likely to indicate Trump’s ability to pass the rest of the reforms he spoke about.

Trump should receive the House of Representatives approval for his health reform to replace Obama’s reform in 2010 in order to continue with the Senate approval reform.

The trading on European stock exchanges is of a mixed trend, following a trend in Asian stock markets earlier today and on Wall Street yesterday.
Wall Street futures are signaling a positive opening after the mixed closing last night.
The London Stock Exchange is trading steady today after a terror attack in the British capital near the parliament building that killed four people and wounded 40 people.
The English pound dropped to a one-week low against the US dollar after the attack and today is recovering slightly.

Trading Opportunity
NZD/USD

On an hour chart the trend of the pair is a rising trend.
A triangle pattern is developing.
If the pair will brake above the level of 0.7060, it will be an opportunity to join in with the trend.

The financial stocks dragged Wall Street stock markets to their worst day in five months on concerns about difficulties in approving the US economic stimulus plans by US President Donald Trump.

The S&P 500 plunged by 1.2%, the sharpest daily drop in five months.
The Dow Jones Industrial Average fell by 1.1%, the sharpest daily decline since September 13.
The NASDAQ index closed down by 1.8%, the sharpest daily drop since September 9.

The trading on Asian stock exchanges is led by sharp price declines at the background of yesterday’s falls on Wall Street.

Forex market, the US dollar weakened by 0.2% against the Japanese yen and traded around 111.51 yen per dollar.
After a few weeks of relative stability in the yen, the Japanese currency strengthened within a week by more than 2%, which may concern exporters in the country who welcome the weak currency.
The strengthening of the yen also leads to a drop in shares of large exporters from Japan.

Trading Opportunity
EUR/CAD

On an hour chart, there is a bearish divergence at the histogram of the ,MACD indicator.
The pair cross down below the 13 Moving Average, and it a sign of a possibility of a coming decline.

Yesterday, the trading in New York closed with a mixed trend.
The S&P 500 was down by 0.2%, while the Dow Jones and the Nasdaq closed unchanged.
Chicago Fed President Charles Evans gave a hawkish speech and supported a higher pace of interest rate hikes.
This week, a series of senior Fed executives will speak, which may affect the direction of the markets.

The stock exchange in Tokyo is trading with a slight decline, as yesterday’s it was closing for a local holiday.
The Japanese yen gained about 1% against the US dollar in the last day, which weighs heavily on the Tokyo stock exchange and on export stocks such as Honda, Sony and Toshiba.

Trading Opportunity
GBP/USD

On an hour chart, the pair broke below a diagonal support line, and it can be an opportunity to look for a change of direction.
The pair is re-testing the diagonal line, and if it will be strong enough to hold the pair from going up again, the tendency should be for a decline.
The resistance level is around 1.2400.

The head of the British government Theresa May announced officially that at the end of the month she will run the Article 50 of the Lisbon Treaty, which allows the state to apply for retirement from the EU.

The futures contracts signalling on declines slightly at the opening of trading week on Wall Street, at the background of a negative trend in European stock markets.

The European stock markets opened the trading day with declines, with the fall in oil prices and in the shadow of possibility Trump impose a border tax which would hurt the global trade.

Official Summit Finance Ministers of the G20 countries held in Germany over the weekend still shaking slightly the markets.
In the conference, during which the finance ministers gather in twenty major countries in the global economy, made a decision to give up protectionist trade policies.
The main crystallized consensus on the existence of free international trade is open, however, other voices in Washington on the part of Trump, wants to impose “no limits” which could increase the new protectionist policies in the US and hurt global trade.

The geopolitical level, after the elections in the Netherlands, markets are facing two significant events , the elections in France next month and soon afterwards also in Germany

The finance ministers of the eurozone countries to discuss the possibility to make changes to Greece’s bailout program.

Trading Opportunity
AUD/NZD

The main trend of the pair is a rising trend as seen on the 4 hours chart.
An opportunity to join this trend will be if the pair will break above the level of 1.1015 .
There is an open space of a rise up until around the level of 1.1250.

The futures contracts are signalling a stability opening of the trading day on Wall Street.
Now the European markets are traded in a similar trend.

The trading on Wall Street stock exchanges closed yesterday with declines after the oil retreated again for the eighth day in nine days.
The S&P 500 retreated by 0.2%, the Dow Jones index fell by 0.1% and the Nasdaq Composite Index closed almost unchanged.
There is a mixed trend in the Asian stock markets.
Investors are waiting for two major events occupying the attention later in the day. Germany will meet the finance ministers and central bank governors of the world’s 20 largest economies (G20) at the background of rising tension between the countries trade relations.
For example, it will be interesting to see if there is a dialogue between the representatives of Mexico and China and the US representatives at the conference.
Another interesting meeting is to be held today between German Chancellor Angela Merkel, the President of the United States, Donald Trump, at the White House.

Trading Opportunity
CAD/CHF

The pair is on a decline trend.
On 4 hours chart it has reached to a support area, around the level of 0.7450.
If the pair will go down below this level, it will be an opportunity to join in with the trend.