The market is pending

The US currency is trading near a monthly maximum, limited to a resistance level 94,000. Despite the rising cost of raw materials, the stock indices of the Asian-Pacific region are trading below zero due to the market’s restrained sentiment before the news that will come out during the upcoming days.

Major currency pairs are trading at the opening day level, waiting for drivers to move. Commodity assets receive restrained support for the growth of oil prices.

The US dollar index is trading in an upward trend, receiving support from positive expectations for the forthcoming meeting of the US Federal Reserve, which will be held tomorrow. At the moment, the US dollar index is trading in the range from 94.000 to 93.500. At the same time, it retains the potential to strengthen, but is limited by the upcoming news on the US.

Graph of the US dollar index. The current price is 93.800.

Hanzenko Anton