State of the market: trading risks decrease
With the opening of trading on Tuesday, the market remains optimistic after the US President D. Trump announced negotiations with China next week. It was regarded by the market as a reduction in trading risks. At the beginning of the day, data on consumer inflation in China were published, which also increased the risk appetite of investors. At the same time, stock indices opened Tuesday’s trading in different directions, limiting itself to correction after growth.
From the start of the day, the US dollar index has been trading in different directions, maintaining lateral dynamics from 98.50 to 98.20, remaining under the pressure, but showing a slowdown in decline. This is regarded as market uncertainty. Significant support is located at the levels: 98.20 and 98.00, resistance: 98.50 and 98.80.
Read also: “Results of the July Fed meeting for the market”
Hanzenko Anton
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