It seems that a fairly “normal” day takes place on the markets for once. US stock contracts are higher on the back of solid data on the profits of the technological sector, while hopes of progress in trade also support the feeling, the chief strategist of the scotiak FX, Shaun Osborne.
USD largely firmer in silent trade, but challenges remain
“The term contracts on American actions are firmer while a large part of Europe is closed for the May holidays. Weeks, but the USD generally experiences a lower trend in the middle of the year as well.”
“The sharp decline observed in the USD so far suggests that it may not be a typical year '' for the USD, but that the persistence in the USD soft tone would adapt to slower growth prospects, lower company benefits and continuous diversification far from the USD in the coming months. Pre-taring activity (consumption, inventory construction) which does not harm the low perspectives. “”
“President Trump pointed out that China had” enormous difficulties “with prices. But a report of a source of Chinese news said that the United States has contacted China to discuss trade. Trends, verification of market optimism.”
