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State of the market: market activity remains low
With the opening of trading on Thursday, the market continues to be restrained, which is enhanced by the absence of significant data and the day off in the United States, the celebration of Independence Day. From the beginning of the day, there was data on retail sales in Australia, which put a moderate pressure on the Australian dollar, but at the same time kept a restraining upward trend.
With the decline in activity throughout the day and the growth of pessimism, it may cause the rise of demand for safe assets. The reason for pessimism can serve as the negative dynamics of China’s stock indices.
The US Dollar Index opened the day with a small downward gap, keeping a flat movement in the flat, but returned above the level of 96.70. Rising risks may support the American dollar.
Read also: “Financial quarter correction”
Hanzenko Anton
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