'Risk on' market profile in Asia, PBOC fix next

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Risk is back in vogue in early Asia, with the Nikkei 225 tracking late gains in Wall Street, currently up by 0.54%, while the Australia's ASX200 is up by 1.6%.

    As a result, AUD/USD has risen over 0.6%, hitting its highest so fat at 0.6960, along with a flying Kiwi, currently at 0.6455, while USD/JPY has decisively broken the 117.00 round number, printing session highs at 117.30.

    The SP 500 futures are trading up by 0.4%, with WTI Crude Oil also having found a bid tone, last at 28.70 (care with WTI contract...has just rolled over into March). As per Copper, key asset to gauge demand or supply dynamics in the market, it has also managed to keep most of the gains seen in the spectacular bounce seen in the US. As per USD/CNH, trading remains quite stable around 6.60 ahead of PBOC fix.
    For more information, read our latest forex news.

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