State of the Market: the American is waiting for drivers to move

On Tuesday, the US dollar and world currencies are traded very restrained, which is caused by the absence of significant drivers. Thus, the US currency remains near the three-month highs against the basket of the main competitors, thus expecting data on employment in the US and hints of further tightening of the monetary policy of the Fed.

Oil ended Monday’s trading with a significant strengthening on the data that Israel has updated Iran in the continuation of the program to build nuclear weapons. As a result, the oil market received support on the prospects of aggravating the situation in the Middle East. Stock exchanges in contrast remain jammed by risks of trade confrontation between the US and the euro area, which should be continued in the near future.

The US dollar index is still clamped in a sideways trend, limited to 92.00 psychology, but also remaining traiding in an established uptrend.

Hanzenko Anton