The start of the Asian markets will be positive

The indices in Asia will open higher as indicated by the futures prior to the opening of the session. The possibility is that we might see higher prices again during the session, as the last session last week closed higher and US markets closed up as well, due to the optimism that the corporate profits will be positive in this quarter as well.

The Aussie dollar, is likely to continue to trade up, due to the short to medium term negative sentiment against the USD. The fall of the American currency will be most against the Canadian dollar and the British pound, as the rhetoric of their Central banks continue to be hawkish and it is expected to raise rates, as traders do not expect any further rises in the USA. The Euro also remains strong and supported, even that the up move may be slow from here.

Gold made a jump up and trades around $1,234, after its fall down to $1,200 zone, but if the indices continue to climb up, its going to be hard for the price of the metal to head up higher from here. In times with high risk appetite, Gold looses its appeal. The price of Oil reached $46.62, but many traders think that it should continue to decline, but despite of that it is not for now. This is likely due to the fact of the very strong positive sentiment that have settled over the markets.

Traders expect data from China for GDP and Industrial production. If the data comes out better than expected, we can see higher indices and Australian dollar.

ASX 200 is anticipated to open around 5,760

Trader - S. Fuchedzhiev

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