State of the market: the market is restrained after growth in trade concessions - Ester Holdings

State of the market: the market is restrained after growth in trade concessions

The level of optimism has noticeably increased in the market after it became known on Tuesday that the United States made some trade concessions for China, and China is preparing for trade negotiations in the coming weeks, but the risks that limit the dynamics of the market have remained.

At the beginning of the day, data on industrial production in China came out, which continued to slow down and fell to the lows of 2002. Raw materials and risky currencies were under the pressure to maintain signs of a slowdown in the Chinese economy. Their decline was limited by a decrease in tension in the trade confrontation.

The US dollar index, with the opening of trading on Wednesday, is trading near the level of 97.80, limited by the expectation of data on trade talks and the borders of the side channel. Significant resistance is the level of 98.00, the update of which will indicate the American withdrawal from the flat.


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Hanzenko Anton


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