Market Snapshot – Markets Under Pressure
Markets Under Pressure
The market has been slow and low during the course of the day as the investors are still gingerly trying to piece together the things. The bears seem to be having the upper hand at the moment but the way that the volatility has been, it is only a matter of time before we see the trend make a switch and we are sure that the traders are well aware of that. This is also probably the reason why the market have been under pressure over the last few days and this is likely to continue in the short term. It is going to take a lot of effort to regain the lost confidence of the investors and it is also going to take some consistent action from the bulls for this to happen. The bulls would hope that they would be able to achieve that with some help from the Fed and the incoming data from the various parts of the world.
Cryptos Looking to Recover
The crypto markets are also trying to recover from the large losses that they have been suffering over the last couple of days. The investors and the traders have been boxed in by the weakness in the markets and also by the action of the various regulators around the world, the latest being the SEC, and it is again going to take some effort to push the crypto prices higher and regain some of the confidence of the investors in the short and medium term. This is unlikely to be an easy task as the regulators and the powers that be, around the world, seem quite determined to try and control as well as regulate the cryptocurrencies and this is going to happen on an ongoing basis which is likely to see the markets begin to mature in a slow and steady manner.
This article was originally posted on FX Empire
