What is the sentiment telling us at the moment

Asian markets remained generally in green territory this morning, with Wall Street momentum remaining where the US and China and their trade war fired the S&P 500 over 3K, with DJIA also rising above 27K. This is due, of course, to optimism that China has announced a list of non-tariff products until Donald Trump returned the gesture by postponing the next round of penalties until October 15, October 1, the previous.

Currently, the S&P 500 is around 3011, falling rapidly and then rising again due to rumors of a potential preliminary meeting between the two countries, which was later denied by the US president himself.

With that said, let’s take a look. If the positive risk of sentimentation persists (this seems to be a common wish at the moment), expect the yen and franc to suffer. However, as I mentioned, sentiment can change very quickly. Sometimes just because of a single tweet from Trump. So be prepared to quickly change your outlook and make sure you look at the big picture before entering into a deal.

 Trader Aleksandar Kumanov

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