State of the market: sentiment remains restrained positive

The stock indices of the Asia-Pacific region are traded in different directions at the opening of trading on Tuesday, keeping a positive momentum from the optimism growth in the European session and showing a decline in the uncertain closing of trading in the US. Also, pressure on the stock exchanges is expected with new data on the US and China trade confrontation.

The US dollar index remains under pressure of optimism and trades near yesterday’s lows at the start of the day, found the main support at 95.00. The continued optimism and the positive start of the European stock indices will increase pressure on the dollar due to an increase in demand for risky assets. As a result, we should expect a test of support levels: 95.00 and 94.80.

Read also: “How has the economy of Great Britain changed after the announcement of Brexit and how it affected the pound”

Hanzenko Anton

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