Ad
Forex Brokers Award 2019
Vote your favourite broker
Welcome Bonus $50 - the best offer on Forex market

Will 2019 be the year where investors sell everything?

Jan 2 2019, 09:19 PM (CST) | Forextime.com

 

 

The first trading session of the new year has very much picked up on how global financial markets were seen wrapping up 2018, with a number of world stocks once again under pressure. Losses across the board are seen throughout Asia with this trend already noted in the early hours of trading in Europe. The United States will probably follow the same trend later on Wednesday.  

 

Another round of weak data in Asia, more specifically the latest set of PMIs in China have once again alerted investors over the pessimistic news that 2019 will be a challenging year for the global economy. Weaker data releases are not only idiosyncratic to China, but also throughout Europe and a number of different emerging markets.

 

All in all the pessimism over the slowdown in global growth story is promoting another round of risk-off in financial markets. This means weaker momentum for world stocks, while safe-haven assets like Gold and the Japanese Yen are in demand.

 

The Japanese Yen is the clear winner in this environment, and it is seen significantly stronger against a number of its counterparts. The USDJPY has dropped all the way from 113 to 108 in around two weeks, whereas the Yen has also gained above a whopping 3% against the Norwegian Krone, New Zealand Dollar, Canadian Dollar and Australian Dollar since December 17.

 

Forextime.com

The FXTM brand was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions, advanced education and state-of-the-art trading tools in the forex industry. As a result of a continuous focus on localizing our products and services to suit each market, together with our successful collaboration with talented and experienced teams from all over the world, FXTM was quickly established as the global trademark it is today.