State of the market: major currencies are in flat

Trades in the European session are held with sluggish dynamics, caused by the absence of significant drivers and a decrease in trading volumes. Against the background of general low-key trading, small growth is demonstrated by safe harbor assets, which is caused by some uncertainty ahead of the coming weekend in the US. But, despite the growth of safe assets, the main European stock indices are trading with a noticeable strengthening: FTSE 100 + 0.50%, Euro Stoxx 50 + 0.46%.

Link to the Stock indices.

Against the background of the strengthening of oil prices and the growth of stock indices, the raw materials remain in plus.

Given the current dynamics and the coming weekend in the US, the restrained market dynamics may persist until Monday. But, given the decrease in volumes, there may be unjustified leaps in volatility, which should be taken into account in the trading process.

Hanzenko Anton