Asian markets will open in positive territory

Asian futures indicates a positive start. U.S. markets closed negatively, except for NASDAQ, however this might be just a correction, after the indices reached new highs during the previous trading session. Investors continue to purchase stocks and the increase of the indices is still on, ignoring the rate hike from U.S.'s Fed. There's a possibility to see lower stock prices, if Oil's price remains low and the negative sentiment remains on the markets.

Some investors believe, that if oil's price fell under $30 per barrel, this might cause a very negative effect on the future of inflation's path and could slow rate hikes pace.

The JPY remains weak and the markets are set for a positive start. Gold is lower at $1243, however it is stabilizing. The greenback remains strong and is trading with increase even against the risk-orientated AUD and NZD. The NZD is located at lower levels as well, which will support the import and the economy.

During the night we expect data for the foreign investment in Japanese stocks and bonds and data from New Zealand regarding the credit card spending.

Nikkei will open higher at around 20,140, ASX will open higher as well around 5,680.

Trader Senan Fuchedzhiev

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