Positive Money Flow before the start of the European Session

21.11.2018 / 08:25

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It was another day in the US indices sold, again driven by the fall of the technology sector, as the US indices canceled what they had gained as profits for this year. Poor mood, of course, has spread to Asia, where from Australia to China and India the markets have remained in negative territory. Traders and investors traded cautiously.

The pressure from the technology sector has also been accompanied by a sharp drop in oil prices, with crude oil losing about 7 percent of its value after Donald Trump's statement that he remains a faithful ally of Saudi Arabia despite recent geopolitical shocks.

The FX market also did not stay behind in its reaction to market-driven events. The US dollar remained strong throughout the American session and for the most part in Asian trade. The yen retreated as a place of refuge by sharing it with the gold that underwent minor changes.

European indices point to a cautious but higher opening, with futures of FTSE100, DAX30 and CAC40 in green.

Photo: Pixabay

Trader Martin Nikolov

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Positive Money Flow before the start of the European Session

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