State of the market: the collapse of stock indices caused market panic

Trading on the stock markets of the Asia-Pacific region opened with a collapse, thereby strengthening the already negative market sentiment. It happenned after trading on Wall Street was closed with a strong sale, which was caused by the expectation of rising interest rates in the United States. Trump’s critic of the US Federal Reserve, when he said “that the Fed has gone mad, continuing to raise rates” put an additional pressure on the dollar.

As a result, the US currency remains under pressure on the overall decline in stock indices and Trump’s pressure on the work of the US Federal Reserve. And the US dollar index accelerated the decline and broke through the support of 95.30 at the start of the day. A further decline of the dollar will be limited by oversold, but the psychology test of 95.00 is quite possible, especially given the growing negative sentiment in the stock markets.

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Hanzenko Anton

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