The State of the Market: the market is in uncertainty

On Wednesday, trades opened with mixed volatility of the US currency and, as a result, the market as a whole. Thus, at the beginning of the day the US dollar renewed a minimum of three years against its main competitors and adjusted, limiting itself to Tuesday highs.

At the same time, the stock markets and the commodity market show mixed dynamics after the negative closure of Wall Street and the continued negative dynamics of raw materials. Stock markets in the Asia-Pacific region are traded in different directions, keeping fears over the upcoming data.

Closer to the close of the Asian session on the US dollar, there is some strengthening against the background of correction of positions. But in conditions of updating the minimum, this indicates more the possibility of further reduction than correction. Also, do not forget that in most major pairs the market is near global extremes, which can cause the formation of a flat.

Graph of the US dollar index. The current price is 90.40.

Hanzenko Anton