The start of the Asian Markets positive

10.02.2017 / 01:30

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The markets in Asia will open in on a positive note, after US markets closed at a record highs. This up move for the indices was induced by Trump saying that very soon there will be positive changes in the corporate tax code for the country.

The price of Oil went up as fast as it wend down yesterday and now is trading up around $53.13 per barrel. It has not yet reached its previous highs and we expect a further rise. After the price of GOLD also started going higher, this put a lid of the raise of the USD and became weak, trading down for now.

Expecting economic data from Australia - Monetary policy statement and data from China - Trade balance. If the data come out better than expected then we might see support for the AUD and NZD currencies during the Asian trading session.

Nikkei to open higher around 19,190, ASX 200 will open higher around 5,700.

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The start of the Asian Markets positive

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