State of the market: pessimism returns to the market

The Friday’s Asian session opened with the collapse of Chinese stock indices, followed by the stock indices of the Asia-Pacific region. The reason for the resumption of pessimism was the fears about the US-China trade confrontation, which, despite the absence of loud statements, continues to remain a major risk factor.

The US dollar index has been trading from the start of the day with a slight decrease in the correction after yesterday’s growth, limited to overbought. A significant support is the 97.80 level, breaking through which will open the way to the support levels: 97.70 and 97.60. Resistance is located at levels 97.90 and 98.00.

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Hanzenko Anton

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

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