State of the market: negative mood remains in the market

After the negative close of trading on Wall Street, stock indices in the Asia-Pacific region also opened with a decline. It returned negative sentiments to the foreign exchange market and resumed the flight of investors from risks. A very negative tone of corporate reporting provoked a decline in US stock indices and in addition to the existing geopolitical risks became the reason for the decline in optimism.

Thus the US dollar index accelerated the correction against yesterday’s growth, amid a resumption of negative sentiment. The return of the dollar index under the level of 96.30 indicates the possibility of the test of support 96.00, but the downward movement in the dollar will be limited by the uptrend of the American dollar.

Read also: “Advantages of the StopLoss order before the strategy “Lock” or “Averaging” for a novice trader”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Dow Theory – the basics of technical analysis.
2. The US economy continues its growth, confirming the rates hike policy.
3. Prospects for recovery of emerging markets.

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!