News on coronavirus spreading contagion could boost the momentum for all markets, but so far, we have too little good evidence. Market participants are watching Telegram’s judicial war with the SEC. However, there is already the collision of principles, and it is more likely that the regulator will win. Telegram is trying to ensure that the injunction does not apply to non-American investors, but even here, the company has little space for manoeuvre. Telegram’s failures may have a rather strong demoralizing effect on the sector as a whole.
The FxPro Analyst Team