The start of the Asian session is positive

06.02.2017 / 01:30

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After WallStreet closed higher and now the futures of the US indices opened higher, its giving all indications for a higher opening of the Asian markets today.

The price of Oil is trading higher at $53.84 per barrel and if the gains are kept or accelerate higher, this will support the indices during the Asian session. The better than expected data of the Non-Farm Payrolls from the US also supported the indices and the positive note is kept and alive for now.

The US dollar remains weak and without any signs of going higher, but this may change if the data from the US economy continue to come out better than expected. The higher price of Oil will help the raise of the inflation and will give a signal for the FED that could possibly increase rates in the US sooner than expected.

Nikkei will open around 19,100, ASX 200 is expected to open higher at around 5,655

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The start of the Asian session is positive

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