Asian shares were mixed on the final day of the week with traders hesitant to make big bets ahead of Friday’s U.S. jobs report.
Volumes will likely be thin due to the holiday period. Chinese financial markets remain shut until Monday while both Japanese and South Korean markets will be shut Monday and Tuesday for public holidays.
“With most of Europe and parts of Asia shut for May Day holidays, leads are coming from the U.S. alone; and with China still observing Labor Day holidays, trade is likely to see positioning before the non-farm payrolls,” said Evan Lucas, market strategist at IG.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015