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Forex Today: Asian stock markets are trading higher

Forex Today: Asian stock markets are trading higher

The week started with Asian stock markets at the top of the charts, rising slightly.

➡️ The main Asian stock indices Hong Kong, China, Australia, South Korea and Japan closed the day higher. Some analysts see growing sentiment awaiting a faster pace of rate cuts in the United States as a possible boost to sentiment.

➡️ Precious metals gold and silver are on the rise, especially spot silver which has risen more than 1% since the Tokyo open. Traders who follow long-term trends they will still be interested in silver on the Long side.

➡️ It will likely be a quiet day in many markets, especially in the Forex markets , as today is a public holiday in both the US and the UK.

➡️ A former member of the Bank of Japan's policy committee said he expects the Bank of Japan to raise rates by a further 0.50% by 2025, if economic conditions do not change substantially. Rate increases could be bullish for the Yen.

➡️ Consumer confidence data in the United States will be released today.

 

Credit by DailyForex.com

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