State of the Market: stock markets continue to support the American

Before the opening of the US session, the US dollar was under pressure of correction at the repulsion from psychology at 93.00, which was caused by technical correction for the American and the expectation of correction of the stock exchanges. These expectations were not met due to the positive trades on Wall Street, while European stock indices continued to grow.

Preservation of optimistic sentiment in the stock markets and rising prices for raw materials will support the US dollar, which in turn closed above the level of 92.80-70. Closing of the day by American above this mark will confirm the safety of the upward trend and will open the way to psychology and significant resistance 93.00

Graph of the US dollar index. The current price is 92.80 (the blue line is the profitability of 10-year US government bonds)

Hanzenko Anton