China rising, US lagging behind, what's next?

Important News for the day

• Fri, 19th, 05:46 CET JP BoJ interest rate decision.

US markets

US indices continue to run higher but the strength of the Dollar might be a burden anytime soon. Furthermore, also the impact of the recent rate cut and the future outlook did not help markets much, which could become a burden, soon. Should economic data continue to disappoint with weaker employment numbers as well as the continuation of higher inflationary momentum markets might be ripe for a correction.

Market talk

Markets remain rather cautious in their approach, while stocks rise slightly. In particular the Chinese market seems to continue with its positive momentum. The Hang Seng stock indexes keeps rising, too, while also the US Dollar is gearing up some momentum. The stronger Dollar might be of potential risk in regards to further positive momentum. Most currency pairs where the Greenback is involved currently show bearish sentiment based on the weekly chart. Technical negelections of important resistance zones might now indicate that pairs like the EURUSD, GBPUSD or AUDUSD could offer a correction next week. Crypto markets in general seem to continue with their positive trend and might break higher anytime soon.

Tendencies in the markets

• Equities sideways, USD stronger, BTC positive, ETH stronger, oil weaker, Silver sideways, Gold sideways, JPY weaker.