The markets in Asia were trading lower, after US indices closed the previous session with losses. Shares lose ground because of military actions of the United States and the geopolitical uncertainty. President Trump made a statement in which he said hewill first work to eliminate Obamacare and then will focus on tax reform.
Nikkei 225 fell -0.34%, KOSPI fell -0.47%. - Most Asian markets remained closed due to the Easter holidays.
The yen decreased slightly against the dollar and the Aussie traded with an increase in the American session.
Economic data to move markets today:
15:30 US - Consumer Price Index
15:30 US - Retail Sales
17:00 US - Business Inventories
USD - The dollar traded in a narrow range, as the statement of the President has pressure on the currency. We can probably see higher levels in the absence of risk sentiment. We will look for buy signal again when the pair USD / JPY.
EUR - The euro also remains under pressure due to uncertainty surrounding elections in France. The German government hinted that it is time for higher interest rates in the Euro zone, but the opinion of other member countries is not the same.
JPY - The yen remains relatively strong because of its status as a haven from risk. Investors continue to buy yen in this situation.
AUD - Aussie has been the strongest currency today, as its rising continues from the previous day. Perhaps we may see lower levels of the currency after the fall of the indexes continue.
Trader Senan Fuchedzhiev
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