State of the market: the market retains negative sentiment
With the opening of trading on Tuesday there are negative attitudes on the market that are caused by risks in Europe. So, the problems around the Irish border in the Brexit negotiations and the problems with the budget of Italy continue to be the main risk factors in Europe. Against this background the stock markets in the Asia-Pacific region are trading below zero. If negative sentiment will pass on to European stock indices, it is highly likely that downward sentiment will continue, which will resume the growth of the US dollar and safe havon assets.
The US dollar index continues to trade near weekly highs, maintaining an uptrend, while limiting itself to highs near psychology 96.00. On the other hand, the decline of the US state bonds yield from the start of the day can act not only as a driver for the dollar growth on the increase in positions on the American dollar, but also as a limiting factor indicating risk reduction.
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Hanzenko Anton
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