State of the market: pessimism continues to support the dollar - Ester Holdings
Фондовый рынок Японии

State of the market: pessimism continues to support the dollar

At the opening of trading on Tuesday, the market remains upward dynamics of the US dollar. The reason for the strengthening of the dollar are the risks associated with negative sentiment on stock exchanges and rising oil prices on signs of a decrease in supply. It is also worth to note the weakening of the Australian dollar at the publication of the RBA meeting minutes. According to the results of the September meeting, the RBA maintained a restrained soft rhetoric regarding interest rates, while retaining the possibility of lowering interest rates if necessary and noting a slowdown in wage growth. This was regarded by the market as the dovish tone of the Central Bank of Australia.

The US dollar index was traded on the side channel from 98.50 to 98.80 on Tuesday, remaining limited by correction after yesterday’s growth, but maintaining an upward dynamics on risks. It’s too early to talk about the movement of an American dollar outside the specified range. But the possibility of reducing the American dollar on the correction of positions before tomorrow’s data is not ruled out.


Read also: “A new front opens in the trade war”

Hanzenko Anton


Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. Gold forms a reversal. Correction before the resumption of growth
  2. Oil market: does it form a reversal or maintain lateral dynamics
  3. The British pound is growing on Johnson’s failures

Current Investment ideas:

  1. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!
  2. Buy Citigroup Inc. shares now and make a profit in early October!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?