State of the Market: the American is under pressure

Trades on Thursday are very restrained because of the days off in China and Hong Kong. The stock exchanges of the Asian region are closed. After positive trading in the European and American sessions, a positive start to the European stock indieces is expected. But also do not forget about the possible correction of the market, which may manifest closer to the American session.

In turn, the market continues to actively sell the American currency after the mixed data on inflation in the US. At the same time, due to the significant oversold of the American, there remains a possibility of correction, which is also indicated by the oversold index of the US dollar. Also, the decline in the dollar index is limited to the low of the current month at the level of 88.40 and 88.20.

Graph of the US dollar index. The current price is 88.60.

Hanzenko Anton