State of the market: United States and China tentatively agreed

From the start of the day, it was reported that the United States and China had tentatively agreed on a trade truce on the eve of the G20 summit. A preliminary agreement implies a postponement of new duties on Chinese goods, but most importantly, it can serve as a reason for closer and productive negotiations at the G20 summit.

Against the background of the growth of optimism associated with the reduction of tension around the trade war, risky assets and stock indices in the Asia-Pacific region received a support. Their optimism is also likely to be transferred to the stock markets of Europe.

The US dollar index also received restrained support on the growth of optimism, which accelerated the upward correctional dynamics, but continued to limit itself to resistance levels: 96.50 and 96.70, support: 96.30-20 and 96.00.

Read also: “The concept of the driver of the market and what to look for in trade”

Hanzenko Anton

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

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