State of the Market: the stock market is blown away

With the positive opening of trading on Wall Street,  the negative sentiment are declining in the market, which is due to a decline in the value of shares. At the same time before the opening of the US session, there was a noticeable strengthening of the US currency, which was caused by the resumption of growth of the US state bonds, even against safe haven assets.

The positive dynamics of the US indices may indicate the resumption of optimistic market sentiment and, as a result, the correction of safe haven assets. In turn, further strengthening of the American can be difficult due to overbought. But the US dollar index came off the side trend, thereby increasing optimism about the American and justifying the beginning of development of the “double bottom” figure.

Fig. Graph of the US dollar index. The current price – 89.80.

Hanzenko Anton