Asian markets traded with declines after the Fed left its interest and intentions unchanged, and oil marked another day of decline. Expected, the biggest loser was Hang Seng, which fell by -2.39%. On the mainland in China, stock indices continue to accumulate moods around the trade dispute negatively. Undoubtedly, one of the most promising sectors for intraday trade was the energy that was marked by major downsides stemming from the collapse of oil.
The main movements during the Asian session:
On the FX market, only JPY enjoyed support, given the sell-offs on the stock markets. AUD and NZD, being directly dependent on the Chinese economy, recorded the strongest decline. The GBP also recorded a decline from key levels against the major currencies, accumulating upcoming GDP, Trade Balance and Production Index news, probably worse.
Here are the main movements of the FX market during the Asian session - 09.11.2018
During the Asian session, there were no important economic data to influence developments in Europe. However, the overall negative mood that emerged in Asia is expected to lead to a negative start and eventual stock exchange in Europe.
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