The state of the Asian market: the market remains negative

Trading in the Asia-Pacific session remains restrainedly negative due to the persistence of pessimistic sentiments in the market caused by a weak statistics on China. The statistics were again under pressure after attempts at growth at the US session. For the main pairs there is no clearly defined dynamics, which is due to the uncertainty of the market and the lack of a common opinion in the market. Also, do not forget about the significant amount of news that will come out today and make investors take a wait-and-see attitude.

The Australian dollar received support at the beginning of the day provided by the publication of business confidence in Australia. But, given the flat data on China, the upward dynamics for the pair AUD/USD will be limited. The growth of this pair and the dynamics as a whole continues to remain extremely restrained and limited, so corrections are possible.

Hanzenko Anton