State of the market: the American maintains a downward trend

The new week the stock indices of the Asian-Pacific session begin with growth after the restrained growth of quotations on Wall Street. The continuation of optimism in the market is connected with the general positive sentiments that persist from last week, despite the possible geopolitical risks, which in turn are expressed by market restraint and correction of oil, which is traded in flat after the upcoming Thursday rally.

The dollar index keeps the downward dynamics, remaining under pressure of correction and weak data on the US, which is traced against most of the world’s currencies. So, the US dollar index remains under the pressure of the downtrend and is limited to the level of 92.40. Break through this level will open the way to the marks: 92.20 and 92.00. Resistance is located at around 92.60.

Hanzenko Anton