State of the market: pessimism persists in the market
With the opening of trading on Wednesday, stock indices in the Asia-Pacific region are traded with a moderate strengthening, thanks to China’s indices. The dynamics of raw materials and major currencies remain restrained negative against the US dollar. Weak Australian GDP data and the resumption of tension around North Korea had a restraining effect on the opening of trading. The optimism expectations for the US-China trade agreements are a significant driver for optimism.
The US dollar index has been trading near the psychological resistance of 97.00 from the start of the day, maintaining the potential for growth. Downward correction will be limited to 96.80-70. After the break through 97.00, you should expect the test level of 97.20.
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Hanzenko Anton
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