State of the market: an ambiguous sentiments remain on the market

Wednesday trading opened multidirectional dynamics of stock indices in the Asia-Pacific region, which confirmed the multidirectional sentiment on Tuesday. With the opening of the new day, the obviously difficult negotiations between the USA and China have brought the uncertainty on the market and make investors take a waiting position. Asian and Pacific stock indices are traded in different directions, with China’s stock indices showing the main drawdown.

The index of the US dollar since the opening of trading on Wednesday is trading in a settled side channel, limited to weekly extremes. The movement of the American dollar near the level of 95.80 confirms the lack of consensus in the market. In addition, it is worth noting the expectation of the US Federal Reserve meeting minutes, which also limits investors. In this situation, we can expect a moderate lateral dynamics, which may be disturbed by the upcoming news. Support levels: 95.70 and 95.50, resistances: 96.00 and 96.20.

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Hanzenko Anton

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