State of the market: dollar remains optimistic
The main currency pairs shows restrained negative dynamics against the US currency on Monday trades. It is caused by the persistence of optimism on the American dollar and the return of investors to risky assets. The reason for the growth of optimism in the market is the positive dynamics of world stock indices. Optimism on stock exchanges is associated with the reporting season, which in general remains very positive. At the same time, risks around the US trade opposition remain that limits the growth of optimism in the market.
From the start of the day the US dollar index has been trading at the level of the opening of the week near the level of 95.70, which maintains the potential for growth on an uptrend, but is limited to the correction phase and the growth of the US state bonds profitability. Support is located at levels: 95.70 and 95.50, resistance is 95.90-96.00.
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Hanzenko Anton
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