Asian session to open higher

21.06.2016 / 02:05

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After the positive trading day and close of the American indices, the Asian markets are to open higher. The situation around Brexit turned positive in favor of staying in the EU after the last polls data show for the first time. The indices and British pound turned positive.

The overwhelming positive risk sentiment was negative for the US dollar and it was sold off. Gold turned higher supported fundamentally by the uncertainty in the markets due to the voting. The price of Oil moved up for the second day and supported the indices. The JPY was weak during last night and during the beginning of the European session but it did become stronger again by the end of the US session.

The price swings in the currencies and indices will be extended coming up to the vote. All markets participants are cautious and careful.

Due to the meetings of the Central Banks of Japan and Australia for the monetary policy tonight, we expect that we might see stronger JPY and AUD.

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Asian session to open higher

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