State of the market: optimism returns to the market

Trades at the Asia-Pacific session opened with a noticeable increase in the stock indices of the region, causing an increase in optimism and a correction of the safe havon assets, especially for the Japanese yen. Australian and New Zealand dollars also received support amid growing optimism. The dynamics of other currencies remain low, that also applies to the US dollar.

The resumption of optimism in the stock markets of Europe may cause the recovery of European currencies, which, in turn, will be limited by the growth of the American dollar. Earlier, the growth of the US dollar was limited by negative sentiment in the United States, but amid a wave of optimism, an American dollar can get significant support closer to the American session.

The US dollar index remains near significant resistance 96.00, that confirms the uptrend and indicates a potential for growth.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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3. Prospects for recovery of emerging markets.

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