State of the market: investors run from risks
Friday’s trading opened with a general increase in negative sentiment on the market, which was strengthened by weak data on China’s trade balance. As a result, stocks in the Asia-Pacific region are declining, after a very negative close on Wall Street. Additional pressure was exerted by positive data on Japan’s GDP, making the Japanese yen a more promising safe haven asset.
The US dollar in trading on Friday is trading downward after the correction after yesterday’s growth and update the resistance level of 97.70, against a basket of competitors. Additional pressure on the American dollar also comes from the correction before the US jobs report in Friday, which will be released today. Many investors adjust the positions before this news. Therefore, low-key correction to the support level of 97.30-20. is expected from the US dollar index before the publication of employment data in the United States.
Read also: “Stock Indices: the UK Market”
Hanzenko Anton
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Topical articles of the trader’s blog:
- Emerging markets and their prospects
- The US Dollar Index (DXY) as an auxiliary indicator for trading in commodity currencies
- To increase or not to increase, the difficult choice of the US Federal Reserve
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