State of the market: negative sentiments are the main market driver

With the opening of trading on Monday, there was a growth in negative sentiment on the market, which caused an increase in demand for safe assets. The driver of negative sentiment at the start of the week was the slowdown in the US – China trade talks and the exacerbation of tensions on the border of the United States and Mexico. As a result, the growth of negative sentiment can be traced in the stock markets of the Asia-Pacific region. Following them it is expected a negative opening of trading in Europe.

With the opening of the week, the US dollar index was under pressure from the correction, returning to the lower boundary of the ascending channel and pointing out attempts of correction and slow down the growth, but maintaining an upward trend. A significant level of support for the American dollar is the level of 97.20, which is expected to resume the growth of the American dollar. The stronger support area is 97.10-00. Resistance marks are: 97.50-60.

Read also: “Stock indices of America: Canada, Mexico and Brazil”

Hanzenko Anton

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