State of the market: the market remains restrained despite rising volatility

Thursday’s trading opened with restrained attempts of correction after yesterday’s movements. At the same time, restraint remains on most of the market. The increase in volatility is due to negotiations on Brexit and a decrease in trade risks around the US-China trade relations. Growth remains significant and multidirectional, forming wide trading corridors. From the start of the day, the Australian dollar received a support on the publication of employment data in Australia, which, despite a decrease in employment, showed a decrease in overall unemployment.

From the start of the day, the US dollar index has been trading with a strengthening on correction after yesterday’s decline, as a result of which the month’s low was updated at the level of 97.90. Restrained attempts of  correction of the American dollar are associated with technical factors and remain limited to levels 98.20 and 98.30-40. Support for the American dollar is located at levels: 97.80 and 97.50-60.

Read also: “Japanese Yen: expectations and prospects”

Hanzenko Anton

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

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