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Asian markets rise on Thursday but China drops

FXstreet.com (Barcelona) - In general, it was a risk-on session despite Mainland China’s Shanghai Composite and Indonesia’s Jakarta Composite drops by -0.32% and -0.48%. Japan’s Nikkei Stock Average (+0.61%), South Korea’s Kospi (+0.65%), Hong Kong’s Hang Seng (+1.06%) and India’s Bombay Sensitive (+0.84%) rose on Thursday. One day ahead of the BoJ, Japan finance minister Aso praised the central bank’s action once again: “G-20 understood BoJ policy was not aimed at foreign exchange”.

Futures for the German DAX 30 (-0.08%) and the French CAC 40 (-0.07%) are signaling a lower opening ahead of UK GDP.

Forex: EUR/USD advancing firmly around 1.3040/45

The upbeat tone in the risk-associated assets is pushing the cross to the upper end of today’s range so far, hovering over 1.3040/45...
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Forex: GBP/USD consolidates above 1.5300

The prevailing risk-on tone overnight lifted the sterling above the key resistance at 1.5300 on Thursday, ahead of the preliminary UK GDP figures for the first quarter. Prior surveys expect the British...
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