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Equity markets gain as Asian players return back to desks, USD dollar looks unstoppable

The return of Chinese players after a week-off seems to be perceived by global markets as a positive fact as global markets welcome Chinese traders with some growth. What if Asian investors are back from the weekend in a great mood. It is curious that global stocks are rising despite mixed Friday close and restrained market sentiment with the newly emerging geopolitical and economic risks.

Apart of Japanese markets that were off today, all the major markets in Asia showed growth – China and Taiwan, as well as South Korea. European exchanges follow this trend, the pan-European Euro Stoxx 50 has grown by almost a percentage in European trading. US equities futures are also traded in the green anticipating a positive start for Wall-Street.

In FOREX market, the growth of the US dollar continues today. USD dollar looks firm and is trading higher against most major currencies. Swiss franc fully recovered after the crash of early European trading, which led to a drop of almost 1% in a few minutes in Asia. Brent oil is trading steady, locating in a narrow range of $ 60- $ 63. Euro briefly dropped below the level of 1.1300, as the pair marked daily lows in the area 1.1296. The yearly minimums are located in area  1.1289 (January 24), and 2019 December low is around mark 1.1269. This is the sixth negative session for the European currency, but the market is extremely oversold. Ahead of Wall-Street start the pair has updated the yearly low. The pound sterling is falling, returning to last week's lows  about $ 1.2887. We also want to note the overbought conditions of US dollar. Today, the dollar index is trading at 96.65 levels, which is a strong resistance zone.

Today there are no serious economic reports for the USA or Europe. Players focused on data from the UK. UK economy slowed by 0.4% in December, reducing GDP in the fourth quarter to 0.2% from 0.6% in the third quarter. Consumption remained, but business investment declined (1.4% after declining by 1.1% in the 3rd quarter). Exports slowed down, and imports rose. The data reflects increased risks for UK economy in the face of Brexit uncertainty. However, much worse results should be expected if UK leaves the EU with no any Brexit agreement.

In general, the beginning of the new week goes without a pronounced trend. It is interesting that the risks increased significantly last week. However, today, markets are growing amid positive from Asia, where traders are just playing the dynamics of the rest of the market over the past week. On this background, local equities correction has not yet developed. Information background of this week will be rich for investors. The focus of the market will be two main topics that retain heightened risks - trade negotiations in China and the threat of a new shutdown of US government work. On Thursday, we will analyze a huge block of statistics from almost all the leading economies of the world. The week promises to be interesting and informative. Good luck in your trading!

In general, the beginning of the new week starts without a clear trend. It is interesting that the risks increased significantly last week. However, today, markets are growing amid positive from Asia, where traders are just playing the dynamics of  market dynamics over the past week. On this background, local equities correction has not yet developed. Information background of this week will be rich for investors. The focus of the market will be two main topics that retain heightened risks - trade negotiations in China and the threat of a new shutdown of US government work. On Thursday, we will analyze a huge block of statistics from almost all the leading economies of the world. The week promises to be interesting and informative. Good luck in your trading! 

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