The state of the market: the American trading platforms are returning optimism to the market

With the positive opening of trading on Wall Street, the market has shifted the sentiments towards optimism, thereby increasing demand for risky assets, metals and oil. Oil throughout the day is trading with strengthening, receiving support from optimistic expectations of OPEC.

The US dollar index on the contrary remains throughout the day under pressure, limited to a descending channel. With the growth of optimism in the market, support was received by the US state bonds, which in the future can limit the decline in the dollar against major competitors.

The US dollar index remains in the range from 92.40 to 92.20. In conditions of continued optimism in the market, further decline of the American will be difficult. And from the level of 92.20 it is possible to break with the test 92.40-50.

Graph of the US dollar index. The current price is 92.680 (the profitability of 10-year government bonds is a blue line)

Hanzenko Anton