State of the market: low activity remains

From the start of the day on Wednesday, the market has remained low. In the Asian session, there was a slight increase in activity, which resulted in increased risks. The driver for strengthening safe assets are political risks in the United States, which are centered around criticism of the Fed and the conflict over the budget. In conditions of low liquidity, pessimism only intensifies.

The US dollar index remains under pressure from political risks, limited to Tuesday’s lows of 96.50-40. In conditions of low activity, the weekly side channel will continue, unless Trump gives a reason to increase sales of the US dollar. Significant support: 96.50 and 96.20, resistance: 96.70 and 97.00.

Read also: “Alert in the MT4 trading terminal and its use”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. The S&P 500 index as a market sentiment index!
2. Expectations from the USD/CAD pair at the end of the year!
3. Safe assets and how to trade them in the Forex market.

Current Investment ideas:

1. “Earn big money on the shares of the largest US bank!”