State of the Market: the dollar continues to grow on optimism

Trades on Wednesday opened with a restrained strengthening of the stock indices of the Asia-Pacific region, which was caused by the growth of the profitability of the US state bonds and the strengthening of oil prices on the waiting for sanctions against Iran. The rise in oil prices was triggered by a statement by the US President D. Trump about the breakdown of the agreement on Iran’s nuclear program.

The US dollar index maintains an upward trend, limited to support levels of 93.00 and 92.80, resistance: 93.50 and 93.80. The index is trading near the annual maximum. At the same time, further growth of the American will be limited by the profitability of 10-year-old state bonds, which, in turn, is limited to 3%.

Hanzenko Anton