State of the market: market is waiting for the trade war data and Brexit news
At the opening of Monday trading, keeping the restrained positive moods is observed. So, the reason for optimism remains the preservation of positive moods on stock exchanges, which were caused by a decrease in unemployment in the United States and a correction after a long decline. On the other hand, the resumption of the US – China trade talks remains a limiting factor, especially considering the possible risks of exacerbation of trade tension.
The US dollar index from the beginning of the day demonstrates attempts of growth on optimism, thereby forming a reversal after a weekly decline. In fact, it is limited by the side channel from 99.00-10 to 98.70-60, where breaking through one of the borders will serve as a signal to continue the movement.
Read also: “The results of the ECB September
meetings for the global economy”
Hanzenko Anton
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