Asia on red after sales in the technology sector

Asian markets traded down after Wall Street sell-offs in the aftermarket session late last night. The main reason for this was the poor financial statements of Amazon and Alphabet, which dragged the technology sector and the entire stock market to new bottoms. In Asia, the main losers were the technology companies that reflected Aftermarket sell off in the sector. During the Asian session, there were no important economic news that could have an impact on the financial markets. I expect negative moods to remain in Europe, which has to catch up with sell-offs, as the negative wave is formed after the closing of European markets yesterday. Here are the main movements of the stock market in Asia:

The FX market dominates entirely the Risk Off mood, with AUD and NZD being the most plausible, while JPY enjoys extreme caution. CAD also remains under pressure, mainly driven by the oil downturn and bad prospects for the price of black gold.

Today at 15:30 I expect the US GDP data, and expectations are down to 3.3% from 4.4% over the previous period. The news will directly affect the USD and the stock market, with better data than the expected 3.3%, resulting in a short-term upward momentum in the indices and USD, and worse, would crash USD from the tops and send the indices to even lower levels . Here are the main movements of the FX market at the moment:

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