State of the market: markets are cautious because of low volumes

From the start of Friday trades most of global competitors showed moderate growth against the US dollar, which was caused by the persistence of geopolitical risks in the United States and the return of optimism in the stock markets of the Asian region. Optimism in the Asia-Pacific markets passed from the positive close of trading on Wall Street. But, despite all possible optimism, the markets are limited to low trading volumes on the last trading day of 2018.

The dollar index remains under pressure against a basket of major competitors, limited to oversold and trading channel. Fixing the American dollar below 96.50 indicates the possibility of a 96.20 test mark. More significant support is at 96.00, resistance  is at 96.70.

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Hanzenko Anton

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

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