Tuesday equity session was a volatile one and ended deep in the red. Technical analytics inform that it was the first serious US sale-off this year. Equities were affected by economic growth concerns, and eventually denied reports that the US turned down an offer by two Chinese officials to attend preparatory trade talks in the US.
On Wednesday, the cryptocurrency market is trading in the green as part of the technical rebound, which somewhat replaced the main bearish trend that dominated the market at the beginning of the week.
On Wednesday in European morning session, EUR/USD is trading in positive territory, showing some signs of a corrective move that we have been waiting for four days amid oversold markets and strong technical levels. At the same time, trading volumes and the activity of this market remain low as the entire FOREX market volitility is below average.
GBP / USD is trading firm and displays some gains after the publication of important data on the labor market.
The primary pair of the FX market - EUR / USD spent the first day of the week in a very limited range, showing a tendency to continue downward dynamics, despite technical factors —oversold market and strong support levels.
After slight corrective pullback, the crypto market resumed the decline and on Monday is losing its capitalization.