State of the market : market activity is expected to increase

With the opening of trading on Tuesday, stock indexes in the Asia-Pacific region accelerated their growth, thanks to a significant upward trend in China’s stock indices. Following the positive sentiment, commodity assets also received a support, which, in turn, caused an increase in commodity currencies. On the other hand, gold and safe haven assets turned out to be under the pressure amid risk reduction.

The index of the US dollar from the start of the day shows an upward trend due to a decrease in the euro and growth against safe currencies. The US dollar index is trading with a strengthening on the preservation of the upward dynamics. Restrictive factors for the American dollar remain the risks of trade opposition and resistance levels: 97.97 and 98.00. Significant support is located at the levels: 97.70 and 97.60.

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Hanzenko Anton

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