State of the market: optimism decreases

With the opening of trading in the Asian region, stock markets were traded down. The reason for the decline of optimism was the correction and restrained trading in the United States. The market also remains waiting for the outcome of the US – China negotiations on trade agreements.  The US currency hold a support at the start of the day against the backdrop of restraint on the stock markets and increased risk.

The US dollar index was traded with a strengthening in the correction and renewal of risks with the opening of trading on Tuesday, limited to the downward trend and uncertainty associated with the trade negotiations between the US and China. The American dollar is limited to support levels: 95.70 and 95.50, resistance: 96.00 and 96.20.

Read also: “Fundamental Analysis: Inflation and the Impact of its Indicators on World Currencies”

Hanzenko Anton

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