Most Asia – Pacific markets opened on a positive note on Monday morning following a strong US lead from last Friday amid optimism about Republican agreement on the shape of U.S. tax cuts aimed at boosting growth in the world’s largest economy. However, Chinese stocks were marginally lower after the country’s central bank raised interest rates. Meanwhile, the launch of bitcoin futures on the CME exchange bolstered expectations the cryptocurrency’s red-hot rally in the cash market could continue.
USDJPY is mostly unchanged for the day, currently the Yen is seen trading around 112.63 per dollar, earlier in the Asian session the price had fallen to lows of 112.45 before trading back higher once Tokyo became active. Japan's Nikkei 225 added over 1.6 percent as trading houses and banks rose. Tech and automaker blue-chips also saw gains, while several construction names declined.
EURUSD was marginally up on Monday currently seen trading around 1.1770 as the EUR gained 0.2 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies fell close o.1 percent and is currently valued at 93.87. The yield on 10-year Treasuries rose one basis point, to 2.36 percent.
AUDUSD opened the week on a positive currently seen trading above 0.7665 as the AUD gained over 0.3 % percent against the US Dollar. Yields on 10-year Australian government bonds were little changed at 2.53 percent. Meanwhile, the Kiwi jumped over 0.4 percent against the US Dollar and is currently seen trading above 0.7020
Tuesday, December 19th
Wednesday, December 20th
Thursday, December 21st
Friday, December 22nd
IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.