The Currency Scene:
News, Events, and Stories about currency from around the world.

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The market data is provided by the HitBTC[1] exchange.

Global Equity Markets: Waiting for clarity on direction

There wasn’t a lot of decisive action on the global equity markets last week as uncertainty seemed to prevail once again. Nevertheless, the seven major markets that we followed were all green on the week’s end, which shows the improvement of their year-to-date performance as a group. Both the Hong Kong Hang Seng Index[2] and India’s BSE 30 Sensex Index[3] are now positive for the year.


Again, the culprit seems to be uncertainty over the impact of trade tariffs[4] between the U.S. and China and there are characteristics of a bull market that is growing old. Investors are looking for some direction and clarity as to what sentiment will start to drive the market next and in which direction. So far, earnings reports have not provided that clarity, but that could change at any time, making earnings an important indicator to monitor for the coming week.

S&P 500 Index: Can it bounce from here?

The 200-day simple moving average (SMA) (brown line) is an important indicator of the strength or weakness of the long-term trend, and it is very widely followed by institutional investors.

So far, the S&P 500[5] has tested its 200-day SMA as support over two distinct periods of time and on multiple days, and it has held. What is not clear yet is whether support of the 200 line will continue to hold or whether

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