The indices in Asia will start in positive territory, up after the DJIA and the S&P 500 in the US closed in record territory again. The positive tone came into the markets as Attorney General testified in front of the Senate Intelligence committee. There is the possibility to see lower price of the stocks later on during the session.
The USD again traded lower during the US session, after the indices started to gain. Gold also faded its strength as the stocks gained as it reached the area around $1269. The price of Oil showed the biggest decline just minutes before the end of the US session down to $45.80 per barrel and that can be negative for the indices.
Today during the session we expect the Current account balance and consumer sentiment from New Zealand and the Industrial production data from China and Japan. If the data is better than expected, it will most likely support the riskier currencies like the AUD and NZD. If data is worst than expected would be negative for the indices.
Nikkei will open up around 19,995, ASX 200 will open around 5,790.
Source: Bloomberg Pro Terminal
Trader - Senan Fuchedzhiev
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