Stock markets were left without guidance
This week is not good global markets an abundance of interesting economic reports. Recovery from this front will fall on Friday when a block of important statistics will publish Britain and the United States. Meantime, investors have to follow a boring event around a trade confrontation between the US and China.
A new round of conflict was not long in coming.
In an already traditional manner, markets are again fleeing from risk after a brief lull – administration trump has announced additional list of goods from China that August 23 will be subject to 25% duties. This step is definitely even more inflaming the situation between the two countries, gives rise to a new wave of concern about growth prospects due to exchange rates.
However, this time without the panic in the financial markets. Partly for the reason that published today as Chinese data on imports and exports showed good results, indicating that while the conflict has no significant effect on trade.
Left with no other reference points, currency obediently follow the sentiment in relation to risk. So, the dollar/yen has returned to the 111.00 mark on increased demand for the Japanese currency, the European currency moved to the defense. However, the potential for further fall of the dollar versus the yen is limited, while the quotes above the level of 110.50, which should have a pair support.
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