The US markets are heading for a negative start after the downswing in Europe and Asia and in combination with the rise in USD. A negative impact on the indices is also the low oil price, which today records extremely low volatility - a signal and a prerequisite to believe that the sell-offs are not yet over. This will continue to have a negative impact on the energy sector, which has a heavy weight in stock indices.
Concerns about Brexit and the Italian budget 2019 have a further negative impact on European stocks and strongly negatively affect GBP and EUR.
During the US stock exchange, it is good to turn to the energy sector that I expect to continue to mark new bottoms. USD marks a slight adjustment against the major currencies I expect US traders to use for better Long Positioning.
Source: Bloomberg Finance L.P.
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