Asian markets to open lower

Due to upcoming vote for the UK to leave or to remain in the EU zone, the markets are very unsettled. The very cautious tone of the markets was the driving force behind the lower close of the markets during the US session. The Asian markets to open lower at first and then we might see slightly higher prices.

The calendar for today's Asian session is poor with news from New Zealand, UK and Japan, but the high volatility may continue even with the opening of the markets. The investors are cautious towards this situation, which will have impact on the UK, Europe and the World no matter the outcome.

The price of Oil fell to $45.98 and then there was a strong movement up, which looks like only a correction that finished. With new high of $51.40, the Oil does remain in a long trend, which will help the indices  to remain at their currency levels and possibly go up even. Gold is going up, supported by the uncertainty and its used to hedge risk. The tone of the FED is to leave rates unchanged, which will push the dollar down. The Risk Off sentiment is to stay in the markets this week.

The GBP is trading with high volatility. The Euro is more stable and supported by the weaker dollar. Later in the session we might see stronger AUD and NZD and also stronger JPY.