Market sat through a directionless market as no real issues took center stage. Global equities were mixed as movement was based on idiosyncratic events. Overall there remains a slightly bias to be risk off. As the list of issues that would damage global demand and investment confidence has only grown longer. However, the lack of direction indicates unfamiliar uncertainty which does not translate to core measures. Example we view the likelihood of US President Trump to start a Trade War or become China BFF as nearly balanced. Yet the end result would have extremely different outcomes. VIX index remain close to lows reflecting unconcern. While despite marginal slowing in domestic manufacturing indicators globally the situation remains healthy.
from MQL5: Traders' Blogs https://ift.tt/2pCKmh6
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