State of the market: the dollar found a support

Stock markets in the Asia-Pacific region are trading below the opening level of the day, despite positive signals from Wall Street. Wednesday US session  closed with the growth on positive expectations that a trade agreement between the United States and Canada will be achieved. As a result, the possibility of preserving the NAFTA contract became a driver for the growth of optimism in the market and a general decline in the US dollar.

The dollar index against the basket of major competitors is trading near the opening level of day 94.50, indicating a propensity to decline, but limited to negative sentiment in Asian stock markets. With the negative opening of European stock exchanges, the decline of the American dollar may slow significantly. Support levels: 94.50, 94.30 and 94.10, resistance: 94.80-70 and 95.00.

Read also: “Analysis of speeches of key persons of the financial market”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices of America: Canada, Mexico and Brazil
2. Trade balance influence on the country’s economy
3. Stock indices : Asia-Pacific region

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1. Preparing to have profits on an optimistic report of Alcoa Inc.!
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