Market Snapshot – Markets Calm and Steady

Markets Steady

The markets seem to have calmed down a bit over the last 24 hours as the worries about a global trade war seem to have abated to an extent by now. This had been the dominating headlines in the market over the last few days as the breakout of a trade war between the major economic powers of the world would not be good for any of the economies. This has led many of the stock markets lower as none of the countries seem to be backing down with Trump pointing out over the weekend that he may look to expand the tariffs for other metals as well while the neighbours of the US and other countries like China expected to retaliate in kind pretty soon. But all of that has been taken to the background as of today and we are seeing that the traders are ready to accept bit more of a risk today and that is why we are seeing the markets steady in some parts of the world and we are also seeing the markets move up in the other parts of the world as well.

BTC Prices Reverse

In the crypto world, the prices of BTC have dropped a bit but the bulls have managed to hold on to the $11000 region which would mean that they still retain control but in the crypto world, that does not mean much. Also, we are seeing the investors and traders begin to gain more and more confidence as the prices continue to trade in a buoyant manner and this is all that is needed to generate more demand and push up the prices in the short term and that is what the bulls would be hoping to see as well. The prices continue to drop but it has not reached alarming proportions as yet.