Asian Markets to open higher

25.11.2016 / 01:40

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Indices in Asian to open higher. Markets in the US closed higher again, as DJIA closed in a record territory. Markets are expecting higher rates during the December meeting from the FED. The chances are 95%. All other Central Banks are awaiting the decision from FED to guide the rest of the World, as the economy in the US is the leading one.

As the USD remains strong and this is most seen against the Euro and the JPY. We do remain short EUR/USD and Long USD/JPY. The price of Oil is almost unchanged at $47.98 per barrel, but it is expected to continue higher as the last reports are that both Iran and Iraq will sign the agreement from OPEC to cut future production. If that is the case then this will again support the higher prices of the indices.

Nikkei to open higher around 18,333 and ASX 200 at a level of 5,498

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Asian Markets to open higher

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