On Friday equity markets retain positive sentiment despite higher risks of new round of China-US relation downgrade related with Huawei story.
On Friday, the cryptocurrency market halted its decline somewhat, and we see attempts to develop a corrective movement in major cryptos.
Yesterday it was a pretty quiet trading session for European currency as EUR/USD pair spent the day within tight formation and closed around 1.1380 hurdle with a minor decline 0.05%.
On Tuesday USD / JPY shows moderate growth on the background of somewhat better market sentiment as USD dollar continued to display some gains, but in general this market outlook seems uncertain and we retain careful outlook for this market which means staying flat.
While equity markets trade under pressure amid new round of China-US trade-political tensions and despite positive start of US corporate season (yesterday Bank of America and Goldman Sachs reported better than expected earnings) FX markets have reached the important and strong technical levels.
On Wednesday, sentiment in equities remained positive around the globe. Investors and traders focused on the start of US corporate reporting season, and above all upon reports of chips from banking industry in the USA.
The cryptocurrency market continues to move in the frame of the global bearish trend, amid increased fears associated with a severe tightening of industry regulation, which could lead to an even greater reduction in many inflows.
In the middle of the current busy trading week, market sentiment can be defined as mixed.