Asian markets are expected to open lower today, after sell- offs in Europe and USA.
Japanese Nikkei is expected to open at 16102 with 289 points decrease, and in Australia ASX200 25 points lower at 5515.
Continuous decrease in oil prices and falling under 40$ a barrel as also the high levels where indices are made investors pull back from the stock market, which is likely to continue during the Asian session.
Another reason for the declines is caution before BoE meeting on Thursday and NFP data from USA on Friday.
Today we will closly watch data from New Zealand, China, Japan and Australia.
Gold and yen are up, as demand for safe heavens increased. This is likely to continue but current levels are too risky for opening trades. After a correction it is good to trade increase by gold and yen.
Jr. Trader Nikolay Georgiev
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