State of the market: the dollar is under pressure of correction

From the start of trading on Thursday, the US currency opens the day with a moderate correction on the movement against the strengthening on Wednesday. The sharp decline in the US state bonds profitability on the US trading session Wednesday was one of the reasons for the resumption of sales on the American dollar. In addition, it is worth noting the persistence of uncertainty in the stock markets in the context of political risks and low market liquidity, which adds volatility to trading.

The US dollar index  has weakened noticeably since the start of the day, returning to support at 96.50, where it found a support, but remains under pressure. More significant support is located at the levels: 96.20 and 96.00. General upward trend in the US dollar index is maintained, despite the correction and is limited to levels: 96.70 and 97.00.

Read also: “Oil market expectations for November”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Top 5 books on trading. Read and progress!
2. Happy New Year! Summing up the past year.
3. The S&P 500 index as a market sentiment index!

Current Investment ideas:

1. Intel Microprocessors for Macro Earnings at the Stock Exchange! Connect!