State of the market: the market is restrained on positive moods

Trading on Thursday opened with an increase in optimism on the stock exchanges in the Asia-Pacific region. A significant reason for this was the positive data on the trade balance of China, which showed significantly lower rates of decline than expected. This may indicate continued upward dynamics. The commodity assets received support amid continued positive sentiment, also due to the recovery in oil prices.

From the start of the day, the US dollar index and safe harbor assets have been trading restrained. What is connected with the preservation of tension around the US – China trade war. The dollar index continues to be limited to a flat from 97.80 to 97.30.

Read also: “S&P 500 Index as an Index of Market Sentiments”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. The results of the July Fed meeting for the market
2. Trade signals results for half a year
3. What does British pound wait for with a new prime minister