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Asian markets will open in positive territory
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Loading...Asian markets will open higher, following the better performances from S&P 500 and Nasdaq.
Following the high growth of the technology sector, investors continue to buy and seek risk and this is seen in the levels of the U.S. index.
The second round of the French election will probably bring no surprises to get investors to avoid risky instruments, and perhaps the prices of gold and yen may drop.
Today we are looking forward to Japan's monetary policy report at 2:50 am local time and a decision on the interest rates in Australia. Probably, decline in JPY, as Japan continues with its loose monetary policy despite the slight progress, some economic indicators show. USD/JPY is traded at 111,850 levels, and is likely to continue upward. At 4:45 am we expect production data in China. If the data shows better than anticipated results, it can support the Aussie and New Zealand dollars as well as the indices. RBA is expected to leave the interest rates unchanged, which may lower the Aussie to the US dollar and the GBP. Prices of raw meterials fall and the Central Bank may sound pessimistic and not give for when it expects to start tightening the interest rate.
Nikkei will open higher around 19,390, and ASX 200 slightly higher at 5,966.
Trader Senan Fuchedzhiev
Varchev Traders Read more:
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