Analysis of the past day

On Monday, April 2, in very calm trading, the US currency managed to significantly strengthen against the commodity currencies, which was caused by a collapse in raw material prices. The escaping from risks was caused by the fear of the US trade war and China’s retaliatory actions. As a result, the US dollar index managed to update the daily high, but it is still limited by low market activity.

In the conditions of low activity, because of the day off in Europe, there is some uncertainty in the market. Negative start of trading on Wall Street, in turn, indicates an increase in negative sentiment, which is likely to shift to the Asian session.

Under the circumstances, the growth of the American is likely to be difficult. But the weekly uptrend on the American remains.

Hanzenko Anton