The indices in the US will open higher, after the European Stocks gained momentum again. With the risk on sentiment in the Markets at the moment the stocks will go up. Now we expect more stimulus from the Bank of Japan, at least $97.9 billion, with Non-farm payrolls better than expected and record low unemployment rate of 4.9%. The economy continue to grow but just not as fast.
We expect higher AUD and NZD and lower JPY. GBP holds its current levels and we might see correction supported by the risk sentiment. The US dollar was traded higher after the payrolls on Friday, but that may not last, if the sentiment remains the same during the US session. We expect lower USD/CAD and USD/CHF.
Gold was traded at $1357.16 and if the dollar remains relatively strong, we expect a correction here in Gold. The price of Oil is lower again today at $45.09 for a barrel and this is not helping the indices.We expect that this correction to continue a bit longer before we see higher prices again for Oil prices to be back at the previous highs at $52 per barrel.
There are no important news from the US today. Alcoa is expected to report earnings.
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