The trading climate lacked clarity on Friday with European shares trading sideways following a trendless Asian session. This rising uncertainty came from two principle sources as traders weighed up how long-lasting the easing of tensions between Iran and the US will last while China raised concerns on the pace of progress on their trade deal with the US.
As a result, future price movements have become harder and harder for traders to predict at the end of the first full trading week of 2020. Investors may prefer to limit their exposure while awaiting more clues on where the global economy is headed. It is likely that some sort of response to this question will be given by today’s NFP release, which could trigger another move from the US Federal Reserve.
Photo by Aditya Vyas.
