State of the market: the market returns to negative sentiment - Ester Holdings

State of the market: the market returns to negative sentiment

After a very optimistic trading in the US trading session, which were caused by an unexpected increase in US stock indices, trading on Thursday opened less positively. Thus, trading in the Asia-Pacific region opened in different directions with a predominantly negative dynamics. This indicates the resumption of pessimism in the market in the face of the preservation of geopolitical risks.

The US dollar index from the opening of trading on Thursday remains under the pressure of correction, while maintaining a weekly upward trend, which ultimately limits the possibility of a significant decline in the dollar. Significant support settled at levels 96.70 and 96.80, resistance 97.00 and 97.20.


Read also: “Myths about the FOREX market, truth or fiction”

Hanzenko Anton

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

Topical articles of the trader’s blog:

  1. The S&P 500 index as a market sentiment index!
  2. Expectations from the USD/CAD pair at the end of the year!
  3. Safe assets and how to trade them in the Forex market.

Current Investment ideas:

  1. Earn big money on the shares of the largest US bank!”
Вы с украины?