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- The start of the Asian session will be negative
The start of the Asian session will be negative
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Loading...The Asian Markets will open lower, following the negative close of the US indices. The sentiment of the market turns negative.
The JPY continue to be the strongest currency, with the exception of the GBP today and this is negative for the Nikkei. The fall of the USD for now is 3%, that is half of what it gained, after the Presidential Elections, the american currency did gain 6% from November 8. The price of Oil did raise during the European session but during the US fell as much it went up and now is around $52.50 per barrel and this was negative for the indices and they followed it down.
After the speech from The Prime Minister-Theresa May, the pound jumped and went up with around 3% against the USD for one day. This move was also helped by the comment that the President elect made that the USD was too strong.
During the Asian session we expect data from Australia - Consumer sentiment and House Prices from China. If data is better than expected then this will support the AUD and NZD and weaker USD.
Nikkei will open around 18,790, and ASX 200 will open around 5,660
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