State of the market: the market remains restrained

At the opening of a new trading week, the market traces the preservation of restrained sentiment in the face of positive dynamics of stock indices in the Asia-Pacific region. The lack of data on the aggravation of the US – China trade relations is the reason for the limited growth of optimism and strengthening of stock indices. At the same time, the general market sentiment remains restrained on the risks of a worsening trade war. In fact, this preserves neutral sentiment and market dynamics.

The US dollar index maintains weekly lateral dynamics, forming a lateral triangle, where support is the lower border of the July uptrend. Significant support is located at levels: 97.30 and 97.00, resistance is located at: 97.60 and 97.80.

Read also: “Stock Indices of America: Canada, Mexico and Brazil”

Hanzenko Anton

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

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