This morning, the economic calendar for the Asian session will not produce and deliver surprises to traders as in the past (China's trading data, which again lowered stocks).
This means that without a fresh catalyst, to determine the movements and eventually to change the investor's sentiment, moods will remain timid / negative.
The fears of a shrinking global economy remain the No. 1 concern for market participants who are carefully considering whether stocks will be able to emerge from their adjustments, or that is just a push for a further decline.
A key vote for Brexit is coming to Britain tomorrow, which can shed UK and EU policy in absolute chaos, so I expect cautious passivity on the part of traders to avoid the risk.
In this theme, major hedging financial instruments are the major winners, with the yen, which is widely expected to be very profitable this year.
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