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Loading...Mixed moods in Asia predominate after last week's sell-offs and the lack of important economic news in the calendar. The main losers were expected in China. Traders continue to accumulate the worsening state of the Chinese economy, which seems to be not far from an economic crisis.
The facts speak - China not far from an economic crisis
During the Asian session, important economic news was missing to influence the European stock market today.
In Australia and Japan, stocks are on the rise, while South Korea remains neutral. Here are the main movements during the Asian session:
On the Risk On FX market the moods were in vogue. AUD and NZD continue to adjust, which will again lead to good prerequisites for adding to long-term short positions. Contrary to the stock market sell-offs in China and worries about the country's growth, JPY and CHF recorded slight declines. More on the chart below:
Trader Petar Milanov Read more:
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