The main topic for the market gradually became the issue of trade wars. The US-China trade war remains in force, but the negotiations have virtually stopped. In addition, the largest business media write about the possible resumption of the US-EU trade war. There is no progress on tariffs for cars and other controversial issues.

The stock market responds with a decline, and the yields of the US government bonds have sharply decreased - to 2% per annum. Thus, large investors are shifted from stocks to bonds, not wanting to bear the risks of a falling market.

EURUSD: Under pressure from sellers.

The euro remains in a narrow range of 1.1220 - 1.1105, but an attempt to break down is likely.

We are ready to sell the euro from 1.1105

Alternative: We are ready to buy at the breakdown of 1.1220