State of the market: the market remains optimistic at the start of the week

At the opening of trading on Monday, the market remains restrained due to the lack of new drivers and the continued upward trend in the US dollar. Friday’s growth of the American dollar on the weakening of the safe haven assets was a signal for a correction on the reduction of trade risks, which returned optimism to the market. But in fact, the risks of a trade war persisted, despite their weakening.

The US dollar index maintains an upward dynamics, remaining above the level of 98.20. In addition to reducing trade risks, the American dollar is supported by the general weakness of the euro. In the conditions of restrained trading, limited attempts of correctionion are expected with a test of support levels: 98.10-00. Significant resistance is located at 98.30 and 98.50.

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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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