State of the market: the market is restrained at the start of the week

At the opening of trading on Monday, the preservation of restarined dynamics are traced. The exception remains commodity currencies. Canadian, Australian, and New Zealand dollars maintain upward dynamic in lowering trade stress and positive employment data in Canada relative to the Canadian dollar. Reducing the risks of a trade war has also increased pressure on safe assets. But stock indices have been trading very restrained from the start of the week, limiting themselves to correction after growth.

The US dollar index opened the week by maintaining Friday’s trading range from 98.50 to 98.20, continuing to trade in flat, slowing down and correcting after the decline. In the conditions of preservation of current moods and growth of the US government bonds yield, a test of resistance levels is expected: 98.60 and 98.80.

Read also: “What does the US Fed Chairman Powell
statement mean for the US Dollar“

Hanzenko Anton

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