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Asian Markets will start the session lower
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Loading...The Markets in Asia will open lower today. The US indices closed again higher on Friday, but investors are cautious at the start of the trading week. Some Analyst expect that FED will delay raising the rates as much as they can and first hike may be in June. The futures of the US indices opened higher during the Asian session.
The USD continue to trade lower and to be weak, but this may change this week with expectations of higher rates. Gauge of the USD strength can be how the it trades against the strong currencies, like the AUD, CAD and NZD.
Crude oil continue to range trade between $50-$55 per barrel and this stable price of Oil can be good for the World Economies. Gold is trading higher last week again, but if the USD start to gather strength it may be tampered. But the metal may continue to go higher due to Geo political uncertainties and on Risk Aversion trade.
During the Asian hours we expect data from Australia and if they come out better than expected in may support the already strong AUD and possibly the NZD as well.
Nikkei is expected to open around 19,145 and the ASX 200 around 5,718
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