State of the market: the American maintains a positive attitude

The US dollar index, on restrained trades on Monday, remains optimistic, thus remaining near the psychological resistance level of 92.00. The strengthening of the American is caused by the general upward trend in the dollar, which was unloaded on Friday trades, and the preservation of optimistic sentiment in the market, caused by the restrained growth of stock indices.

So, trading on Wall Street opened significantly above zero, after the positive dynamics in the European trading session. The strengthening of the stock exchanges was caused by the general optimistic sentiments in the market and the reduction of pressure from the US state bonds. At the same time, the dynamics of the American is limited by recent highs and possible risks associated with the trade confrontation between the US and the euro area. This can result in the formation of a flat in the trading range from 92.00-20 to 91.50-40.

Hanzenko Anton