Gold and Bitcoin Lead Market Frenzy, Yen Jumps While Others Tread Cautiously - Action Forex
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan's Nikkei and Hong Kong's HSI experienced some pressure. The varied market reactions come at a time when traders are bracing themselves for a week packed with high-profile economic events, including key central bank decisions from RBA and BoC, along with pivotal US non-farm payrolls data. Such anticipation is prompting a more cautious approach among traders, who are likely weighing the potential outcomes and their impacts on various asset classes.
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan's Nikkei and Hong Kong's HSI experienced some pressure. The varied market reactions come at a time when traders are bracing themselves for a week packed with high-profile economic events, including key central bank decisions from RBA and BoC, along with pivotal US non-farm payrolls data. Such anticipation is prompting a more cautious approach among traders, who are likely weighing the potential outcomes and their impacts on various asset classes.
