State of the market: the market has stabilized - Ester Holdings

State of the market: the market has stabilized

On Wednesday trades there is an increase in optimism before the publication of significant data for Europe and the United States in the market. Positive sentiment is largely associated with stabilization of the oil market and technical correction after the decline. As a result, the optimism in the US dollar can be seen in the market at the beginning of the day.

The US dollar index on Wednesday shows a restrained strengthening after yesterday’s decline, which was caused by the correction of the American dollar position before the US Federal Reserve meeting. As a result, the American dollar formed a support at 98.20-10. Resistance is zone 98.50-60. This range will limit the dynamics of the US dollar until the publication of the Fed meeting results .


Read also: “The trade war. Relations between Japan and South Korea

Hanzenko Anton


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