Today most Asian countries celebrate Labor Day and the market is expected to be less volatile.
The sentiment of the indices during the Asian session will be rather negative as there are a number of negative factors. The most important factor in this is North Korea's attempt to launch a ballistic missile. The United States is pushing for a union and a common solution to the problem with their allies in the region. The Trump administration has said that if they do not, they are ready to deal with the problem themselves. This will lead to a rise in the Japanese yen, which in turn will pull Nikkei down. On the other hand, caution is expected this week because of NFP data on Friday and the upcoming runoff in France. Negative Chinese production data will also negatively affect markets and reduce appetite risk, which in turn will negatively affect AUD and NZD.
Jr Trader Petar Milanov
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