Against the sell-Off on stock market, currency markets remained relatively calm. Even the JPY, which is characterized as a Safe Haven tool, does not register significant growth. Overall, currency pair volatility remains below 10% in the last 24 hours.
What does this mean?
The weak reaction of JPY and gold talks about one, the stock adjustment will hardly grow into a crisis. It has now become clear that Sell Off-a was caused by winnings and multiplied by short positions on the part of the robots. With this in mind, our expectations for the stock market remain positive, as in the bottom formation and Price Action signal at appropriate levels, we will use the adjustment to add to long-term long positions.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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