State of the market: the market continues to build up optimism

Stock indices of the Asia-Pacific region continue to gain profit  on Friday after a significant increase in stock indices on Wall Street. The main reason for the growth of optimism in the market remains the reduction of risks for the world economy from the US and China trade confrontation.

On the general growth of optimism the US dollar remains under pressure as an overvalued currency, which acted as an asset of a safe harbor. As a result, the US dollar index is trading near the support level of 93.80, remaining under pressure of optimism and limiting itself to overselling, thereby forming a trading channel from 94.20-94.00 to 93.70.

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Hanzenko Anton

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

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