State of the market: market is waiting for the US employment data

Friday trades opened with the retention of the restrained dynamics of the market, which continues to be limited to a narrow flat. After low liquid trading on Thursday, the Asia-Pacific trading session remains limited in dynamics. But, despite restraint, since the beginning of the day, the American dollar tried to grow against both commodity and safe haven currencies. Such dynamics is associated with very positive expectations for employment in the United States and the correction of positions before the employment report in the United States.

From the start of the day, the US dollar index maintains the side channel, shifting the dynamics to the upward one, but is still limited to the trading range from 96.90 to 96.60.

Read also: “To increase or not to increase, the difficult choice of the US Federal Reserve”

Hanzenko Anton

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