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- Negative start of the Asian Markets
Negative start of the Asian Markets
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Loading...The Asian Markets will open slightly lower, after the US Markets closed slightly lower as well. The price of Oil went down during the American session, due to the worst than expected data from the Crude Oil inventories, if this continuous, we will see even lower prices of the indices in Asia.
The USD finally found support and started going up but not by much. We also see lower prices of Oil and GOLD. This is showing us the inverse correlation between the USD and commodities, which is within the norm.
We expect New Home sales from Australia and GDP reading from China, if the data is better than expected than the risk on currencies will be supported like the AUD and the NZD, which might be negative for the USD. We also expect Fed Chair Yellen to Speak at (03:00 our time), which can support the USD. Investors also expect Trump to get control of the White House, this brings some uncertainty.
Nikkei will open lower around 19,066, ASX 200 will open around 5,666
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