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There is a mixed trend so far today (Monday) at the opening of the trading week on the European stock exchanges, at the background of slight price increases in future Wall Street futures contracts.

In Europe in particular, and in markets in general, another ballistic test conducted yesterday by North Korea is continuing to digest what appears to be a continuation of the rise in Western countries.

In addition, the market players are waiting for the results of President Trump’s first visit from to the United States, a trip between Saudi Arabia, Israel, the Palestinian Authority, Rome and Brussels.
Yesterday he signed a huge $ 350 billion arms deal between the United States and Saudi Arabia.

In Asia most of the leading stock exchanges closed this morning with price hikes.

Asian markets are trading on a mixed trend this morning, after trading on Wall Street ended with price hikes.

Tokyo is up by 0.1%,Hong Kong rising by 0.3%.
Shanghai recorded slight declines of less than 0.1%. Sydney fell by 0.2%, Seoul is up by 0.2%.

In the foreign currency market, the US dollar weakened against the Japanese yen by 0.1% and traded around 11.4 yen per dollar

The Dow Jones Industrial Average closed up yesterday by 0.3% and the S & P 500 climbed by 0.4%.
Both indexes fell two days ago by 1.8%, the sharpest fall since September.
The Nasdaq Composite Index added 0.7%.

The day’s gains were recorded at the background of macroeconomic data released in the United States, indicating that the number of ongoing unemployment claims at its lowest level since 1988 has led to a sharp jump in Philadelphia manufacturing activity and a rise in the leading US economic indices.

Oil prices climbed for a second consecutive day ahead of an OPEC meeting next week, with WTI closing at $ 49.35 a barrel, up by 0.6%.

OPEC oil ministers will meet in Vienna on May 25 to discuss an extension of the cutback agreement designed to reduce excess supply in world oil markets.

The price of gold hit a six-day rally as US equities recovered from the falls, reducing demand for the precious metal, which is considered a refuge for investors in times of crisis.

The price of the Gold closed at $ 1,252.8 per ounce, down by 0.5%.

The trading in the European stock exchanges is taking place on Thursday in light of the sharp declines in trading on US stock exchanges yesterday, in the shadow of political scandals involving President Trump
The leading indexes on Wall Street yesterday ended the worst day in eight months, with declines of up to 2.6%.

Asian stock markets closed in a negative direction.
The Japanese yen strengthened significantly against the US dollar and weighed heavily on Tokyo’s stock market.
Investors seem to be ignoring the data released today, pointing to an expansion of the Japanese economy at an annual rate of 2.2% in the first quarter, above the market forecasts to a growth rate of 1.7%.

So what caused the nervousness in the markets?
The US President Donald Trump, whose promises of far-reaching economic reforms have been the catalyst for Raleigh in recent months, is now the reason for the fear that has permeated the markets.
The President Trump reportedly leaked secret intelligence information to Russian officials.

The trading in Asian stock exchanges is taking place on Wednesday in the shadow of the news from Washington, amidst reports that Trump gave secret information to Russian officials.
The affair weighed heavily on the US stock markets, which closed in a mixed trend, with the Nasdaq closing again at a new peak.

The Japanese Nikkei is trading in a decline as most of the shares of export companies are traded at sharp declines.

Australia’s banking sector continues to trade under pressure after the government announced last week that it intends to increase taxes on the profits of major banks.

Greece’s economy contracted by 0.1%, after contracting by 1.2% in the last quarter of 2016, according to statistics from the Greek Statistics Authority.
Analysts reported growth of 0.2% for the first quarter.

The figures from Italy are also discouraging. The economy grew by 0.2% in the first quarter from a year earlier, and Italy’s economy grew by 0.8% on a yearly basis, and the third largest economy in the Euro zone is still waning after a prolonged recession that ended in 2014.

Wall Street is trading in a mixed trend on the background of reports that Trump leaked confidential information to Russia.

Following the publication, the US dollar is down to its lowest level since November.
The dollar is down against the Euro by 1% and trades around $ 1.1086 per euro.
Against the Japanese yen, the dollar is down 0.5 percent to 113.2 yen per dollar.

The leading indexes on Wall Street are trading in a mixed trend at the background of encouraging production data in the US.
The Dow Jones is trading unchanged, the S & P 500 is down by 0.1% and the Nasdaq is up by 0.2%.

The oil is falling after earlier gains after Kuwait joined Saudi Arabia and Russia
and announced that it supports the extension of the cutback in output.
However, investors fear that Iran will not agree to cooperate with the emerging agreement.
The WTI fell by 0.2% to $ 48.75 per barrel.
The Brent oil is down by 0.1% to $ 51.78 per barrel.

Last Friday Wall Street close a negative week for the first time in four weeks, after a mixed US inflation and retail sales.
This week’s trading is expected to take place at the background of the reporting season, which is due to end this week with the results of retail outlets like Wal-Mart and Gap.

In addition, US macroeconomic data such as permits, construction starts and industrial output will be published during the week, and the data for the first quarter in the Euro Zone and Japan.

In the commodities market, the price of the oil rose after the Saudi energy minister and the Russian oil minister issued a joint statement saying the two agreed to extend the oil cuts that came into force in January this year until March 2018.
Saudi Arabia and Russia are the world’s largest oil producers.

This morning the WTI crude for delivery in June rose 2% to $ 48.8 per barrel.
The Brent oil for delivery in July rose 2% to $ 51.8 per barrel.

 

Wall Street trading closed yesterday with a mixed note as the storm in Washington followed the dismissal of FBI chief James Coomy by US President Donald Trump, Arouse the wrath of some members of Congress, thereby undermining the ability of the administration to pass the tax program and the health plan of the Republicans.

The trading on the European stock exchanges is of a mixed trend this morning with slight changes in indices.
London, Paris and Frankfurt are trading at less than a tenth of a percent

The Japanese yen is unchanged at 114.2 yen per to the US dollar, while the Euro rose by 0.1 percent against the US dollar to 1.08 dollars per euro.

The trading on Wall Street ended yesterday in price declines, led by energy and raw materials shares due to falling in the commodity prices.

The European stock markets opened the day in a downward trend.
London opened slightly lower, Frankfurt loses 0.2% and Paris is down by 0.1%.

The trading in Asian stock exchanges was of a mixed trend.
Shanghai, which maintained a positive trend for most of the trading hours this morning, ended the day with a 0.8% dive.
Tokyo adds 0.3%, Hong Kong was up by 0.8%, Seoul lost 1% after yesterday’s general elections.

The US dollar is down against the major currencies by 0.2%.
The crude oil rose by 0.6% to $ 46.17 a barrel after falling below $ 46 yesterday.

Wall Street’s leading indexes closed yesterday almost unchanged, even though the Nasdaq and the S&P 500 posted new record highs during the trading day.
Apple added more than 3% and was up by 2.7%, and the company’s value surpassed the $ 800 billion mark for the first time.

The WTI oil rose yesterday by 0.5% to $ 46.4 a barrel, after losing 6% last week.
The brent rose at a similar rate and closed at $ 49.3 per barrel.
The reasons for the gains yesterday were Emanuel Makron’s victory in the French presidential election that calmed the markets, as well as comments from various oil producers that the agreement to cut output will be extended.

The Gold held steady at $ 1,226 an ounce.

At the end of the European markets yesterday:
The CAC responded to the results of the presidential election with a drop of 0.9%. The British FTSE closed unchanged and the German Dax lost 0.2%.

Trading Opportunity
USD/CAD

On the daily chart the pair completed a double wave movement and was stopped at the level of 1.3750.

In order the start selling, we are going into a lower time frame chart.

On the hour chart we can see that the pair broke below a trend line with a strong bearish engulfing candle (was closed at 1.3677)

Along with the breaking, the average of the RSI crossed down below his 50 level.
For us it can be the signal to sell.

The European stock markets opened Monday with a slight drop in prices on the day after France’s presidential election.
Emmanuel Macron is the next president of France, after winning 65.1% of the vote and an impressive gap over right-wing representative Marin Le Pen.
Macron is considered to be a supporter of EU institutions, and for now is breathing on the continent wide after the wave of nationalism sweeping Europe and calling for the dissolution of the euro zone.
It seems that France, at least for now, is outside this matter.

The trading in Asian stock exchanges was with a mixed trend today.
Japanese Nikkei was conspicuously positive, with most of last week’s trading in Japan not on holiday.
In China, the exports from the country in April rose 8 percent from a year ago in dollar terms, while the imports surged by 11.9 percent.
However, the data missed the preliminary forecasts for an increase of 10.4% in exports and 18% in imports.