The Markets in Asia with negative Start

09.03.2017 / 01:35

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The markets in Asia will start the trading session lower today. American indices closed with looses again for the 3rd day on a row, due to the expectations for rate hike this month, at next weeks FED meeting and partly on the lower price of Oil price. We may see even lower prices of the indices if this situation continue as is.

Price of Oil fell very fast and straight down, loosing 5.38% down to $50.28 per barrel, after data from the Energy Administration showed that Oil reserves increased up to 8.2 M barrels for the previous week. The USD continue to trade higher against all currencies, but the move up is least at the EUR/USD pair.

We expect data from Japan for average cash earnings and overtime pay and from China for CPI. If data from China are better than expected this, could support the AUD and NZD currencies.

Nikkei will open slightly up around 19,340, ASX 200 is trading down by 0.30% already.

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The Markets in Asia with negative Start

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