State of the market: investors keep negative sentiment

Negative sentiment persists in the market with the opening of trading on Thursday. They are associated with increased risks of exacerbation of the US – China trade confrontation. In the conditions of general flight of market participants from risks, demand for the US dollar remains. At the same time, safe haven currencies remain under the pressure. Such dynamics is associated with rising oil prices and the strengthening of commodity currencies.

The index of the US dollar from the start of the day was under the pressure of correction after yesterday’s growth. But despite attempts of correction, it maintains an upward trend, which is facilitated by risks and negative sentiment. The US dollar index, on maintaining the uptrend, is limited to resistance levels: 98.20 and 98.30. Support is located on the marks: 98.00 and 98.10.

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Hanzenko Anton

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