State of the market: the dollar is under pressure of optimism - Ester Holdings

State of the market: the dollar is under pressure of optimism

The US dollar index opened a week lower with the positive opening of trading in the stock markets of the Asia-Pacific region. The reason for the growth of optimism in the stock markets and the positive closing of trading on Wall Street remains optimism around the US and China negotiations, which will be held January 7-8. Thus, the recent comments of US President D. Trump regarding the upcoming talks with China noticeably inspired the market with optimism. At the same time, despite the growing optimism, the risks of trade opposition remain.

From the start of the week, the US dollar index has accelerated the decline in optimism, limiting itself to the psychological support of 96.00, indicating that the downward trend is preserved and the possibility of a further decline to the support level of 95.80-70. Resistance is located at the level of 96.20-30.


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Hanzenko Anton

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