State of the market: the trade war tension continues to decline
From the start of the day, it was an information that China will take measures to mitigate the negative effects of the trade war, which will benefit some companies from the US and China. This was regarded as positive data that supported commodity currencies at the beginning of the day. The stock indices of the Asia-Pacific region, despite optimism, retain multidirectional dynamics, which can be transmitted to European stock indices.
The US dollar index maintains lateral dynamics, despite signs of a decrease in trade risks, actually limiting itself to lateral dynamics from 98.50 to 98.20. With the development of optimistic moods on the market, an American dollar test of support levels of 98.20 and 98.00 is possible.
Read also: “US and China returning to negotiating table”
Hanzenko Anton
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