Indices in Asia will open slightly higher today, after the solid gains on Wall Street. In Japan probably Mitsubishi and Sony will be trading higher after their better than expected financial results. Today investors await the results from Japan Tobacco and Mazda. If the index goes higher than we might expect a lower JPY. In Australia, after the RBA left the rate unchanged at 1.5% and continued with its old rhetoric that the Aussie is very strong. The currency fell but probably not for long.
The Australian dollar, consolidated, after the RBA's decision and they also did not give a signal when would rates be changed again. The analyst think that rates in the country will not go up any time soon and that can be negative for the currency. The USD continue to trade weaker but it did show strength today. The Euro was down slightly, as the next resistance held around 1.185 but this is likely just a pause before the next leg higher.
Gold went up to $1,274, but then consolidated around $1,268. The price of Oil did reach $50.34, but the commodity was not able to hold its support around $49. It is likely to see higher prices again and this will continue to support the stock prices and indices.
Traders will watch for data from Australia - Building permits and unemployment change from New Zealand.
Nikkei will open around 20,077, as for the ASX 200 to open around 5,773
Trader - S. Fuchedzhiev
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