State of the market: risks are weakening

With the opening of trading on Wednesday, there were reports of a decrease in tension in the US-Chinese trade war. So, the USA is ready to suspend the next round of increase of duties on Chinese goods after the meeting of the leaders of the USA and China at the G20 summit in Japan, which will take place this coming weekend.

Safe haven currencies were under the pressure against the background of attempts to increase optimism, which had previously been strengthened by risks. Also, the reduction of tension in the trade war strengthened the correction in the US dollar and supported the commodity currencies.

But, despite attempts to increase optimism, it is too early to talk about actual results before the meeting of D. Trump and Xi Jinping on the G20. Because, despite all sorts of statements, the confrontation of a trade war remains significant.

The US dollar index on optimism from the start of the day continues to trade with a slight strengthening, forming an upward correction. The following marks act as significant resistance: 96.30 and 96.50, support: 96.00 and 95.80.

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Hanzenko Anton

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

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