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Asian stocks show small loses while Nikkei index wins big

FXstreet.com (Barcelona) - Despite the fact US equities printed yet another all time record high, with SP500 trading as high as 1629.77 closing in NY with a gain of +0.29% at 1617.50, all Asian share markets are in the red, except Nikkei index that is playing catch up from its latest close past Thursday. Nikkei index has opened above the 14k points mark for first time since late June 2008, up more than +2.5%, on its first trading day after a 4-day weekend.

Currently with SP500 futures near session lows below NY close price, Korean Kospi is down -0.33%, Australian ASX -0.40% ahead of key RBA interest rate statement at 04:30 GMT, Shanghai -0.15%, Hang-Sheng spiking higher from session lows while these lines are being written, last +0.13% up.

Forex: AUD/USD remains in narrow range after Trade Balance data

The AUD/USD is trading in a narrow range after the release of the most recent trade balance data. Perhaps the narrow range is due to the fact market participants are waiting on the RBA rate decision due out at 4:30GMT. Currently the pair is 3 pips lower during the Asia session at 1.0241
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Forex Flash: AUD/USD, torturous range at risk? - ANZ

Ahead of the RBA rate decision, Tim Riddell, Head of Global Market Research at ANZ, still sees the AUD/USD in a frustrating nine months 1.01-1.06 range.
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