Markets are optimistic but remain weary

17 August, 2018

The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American markets feel more confident. On Thursday S&P500 added 0.8%.

However, moderate growth in demand for risks looks like a development of profit-taking rather than evidence of a sustainable markets turnaround. The negative tendencies can again come to the forefront, resuming escape from risks.

The growth of markets is facilitated by the early start of negotiations between China and the United States on trade issues for the first time since June. It is worth noting that the status of officials involved in the negotiations is not very high, which eliminates the possibility of breakthrough decisions in the near future. Obviously, there will be more necessary rounds of negotiations at the highest level to resolve the trade disputes fully. The dynamics of the Chinese offshore yuan is a good indicator of investor sentiment. After yesterday powerful increase by 1.3% to the dollar, CNH have stabilised near 6.87 on Friday morning.

The Turkish lira has added on Thursday in response to the tightening of the country’s Central bank policy and the promises of assistance from Qatar and Germany. Panic has stopped, but still there are not enough reasons for long-term optimism. The U.S. have made it clear that the sanctions imposed on steel and aluminium are a “security issue” and will not be lifted even if the Turks release the American pastor, moreover they threatened with new sanctions. Against this backdrop, the Turkish lira has stopped the recovery rollback and is trading near 5.8.

Source link  
The dollar grows on wages data

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows....

Increased flight from EM currencies

The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on...

Markets under pressure

Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that...

Dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a Chinas claim...

Dollar has a potential of 5% rally

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of...

BoJ cautions keep forex calm

In the currency market, the dollar was under some pressure following the data that indicated a weakening of the inflation in the Eurozone. The slowdown in prices...

Stocks are growing, Bonds under pressure

The situation in the world markets looks controversial. Shares are growing after strong reporting of companies. The shares of Alphabet (#Google) jumped by 3.6% after...

The potential of USD growth is limited

Powell's speech with the semiannual report in the U.S. Congress contained an optimistic view on the economic outlook. Such a tone has reduced fears that...

Oil drops back into June price range

The WTI Oil price fell from $72.98 to $68.68 yesterday despite the inventories data showing a draw of -12.6M barrels which is the biggest since September 2016...

In the past 24 hours Bitcoin has lost -9.09% and reached $5106.8470979. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.1164% and is now at $1.13. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -26.45% and is now at $155.0319713. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Forex Market Analysis

Forex Currencies Forecasts

Top 10 Forex Brokers 2018

# Broker Review
6FIBO GroupFIBO Group83%