The markets in Asia will open lower. The futures of the Nikkei indicate for lower open, so is the ASX 200. The futures of the US indices opened lower as well. Investors continue to be cautious after the Australian decision to leave the rates unchanged.
The last data from the US economy are worst than expected and the US dollar fell. Euro is continue to be strong, as the Asian currencies the AUD and NZD. The price of Oil is up on the speculations of the agreement that Saudi Arabia and Russia for cutting production, but these are still on speculative. If the price of Oil continue to go up this will help the indices.
The markets continue to expect more stimulus from Japan and the JPY continue to be strong. All crosses of the JPY are trading lower. However the markets are trading with positive sentiment for now. We continue to be long NZD, AUD and CAD. Weaker US dollar at least up to the Sept 21, 2016.
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