Asian Preview 5th January

all right good morning Traders Cory here for the Asian preview welcome back everyone had a good New Year but we'll get straight into it um just a few the headlines coming out from yesterday after a bit of a Miss on some Chinese data it is just Wall Street begins lower um trying to sell off and so what that does is kind of questions whether or not the US will keep raising rates this year you know something that held them back in September was the fact that they did not raise rates because of what was going on in China so um what we can maybe think here is that people may be starting to worry if you know that was a one-off thing with the FED raising the rates and it may hold off till things get better in China and with things worse in China on the first day the you know trading in the new year you know we'll see what happens but that's kind of the theme that happened yesterday I'm checking out a few of the majors just to see what went on and you know they all kind of came off pretty hard you know checking out the Aussie the kiwi um aie came out pretty good kiwi as well um Sterling Euro um I mean all of them came off so that's kind of on that bit of a news coming out of China but checking out the equities um and the Dow is down about 2% guys see get bit so you can see um you not quite closed yet so still down about 2% um so we'll see how that carries over into the Asian session check out for Nick ey um go over that page one second um and so we're expecting 160 and um I mean I'm assuming we're going to expect that to be up up a lot lower than that so checking out your dollar Yen charts um you'll want to see where the next opportunity will be on that because we do get it coming off pretty hard we could see doll kind of shoot down a bit and so this uh support line that I got right here um it's very long term so it's pretty good break that went through it and now it's kind of forming a bit of a support as well so we'll kind of keeping eye on this level um with Nick eye open happening in about um two hours so see what happens but um yeah I think the big day was China yesterday so we'll kind of wait to get markets back in sync um don't jump into any trades quite yet um just kind of see how the markets react this one um currencies all had a big mov yesterday so we'll kind of wait and see um what happens today with next opportunity being the uh Nick eye open at 11 o'clock but um that's about it guys um any questions ask some slack we'll be back in the office and um good to be back guys um take care and we will speak to you later all right cheers