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Asian Markets Firm


Asian markets are firmer on the back of renewed optimism over trade talks, positive earnings from the Coca Cola and United Technologies yesterday and prospects for continued dovish policy from Central Banks starting with the ECB tomorrow.

Stocks in the US continue to trade at or near an all time high but resistance is starting to build above 27,350in DOW futures, the more that we touch this level and trade away.

The dollar is particularly strong against the Euro, trading at 1.1140 this morning and a break below this level could see us trade at 1.10 very quickly.

GOLD had see saw day yesterday, trading between 1414 and 1424 before settling at the lower end of the range.

The DAX outperformed the other indices yesterday and will benefit if the Euro continues to break down.

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