Market state: market is in uncertainty.
Trades on Monday, despite the general weakness of the US currency, are very mixed. As indicated by the ambiguity of stock indices and oil. The American shows a decline across entire spectrum of the market due to the maintanance of the pessimism about inflation in the US.
Despite the general decline of the American, which is limited by the positive dynamics of the stock indices, in the market remains some ambiguity between commodity currencies and safe harbor assets, which also demonstrate mixed dynamics due to uncertainty.
At the moment, the further decline in the dollar index is limited by the support level of 92.400-300 and a significant oversold. In case of negative opening of the US stock exchanges, the pressure on the American may be increased and open the way to the level of 92,000.
Hanzenko Anton
