Asian Stocks to Track U.S. Higher; Treasuries Drop: Markets Wrap
Here are some key events coming up this week:
Investors are scrutinizing earnings, given the global backdrop of slowing growth and a host of unpredictable macro risks. While sentiment has been supported after some progress in trade talks between the U.S. and China, economic concerns remain. The International Monetary Fund made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine the expansion. Why market will NOT move to the north?
- Price flirts @ MA200
- The StocRSI also shows signs of downside
- Re-tracement need to watch if the price falling below the support or it is forming H&S Bullish Pattern
We stay cautious for now.
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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks