State of the market : negative sentiment continues to grow
Trading on Tuesday opened the negative dynamics of the background indices of the Asia-Pacific region against the backdrop of the collapse of Wall Street stock indices. The reason for the growth of pessimism is the expectation of data on the US monetary policy, which will be released on Wednesday. It is also worth noting that, against the background of growing risks, the US dollar is more under pressure than the commodity currencies.
The US dollar index at the trading on Tuesday slowed down the decline near the support of 97.00, but at the same time maintains an uptrend, which, in turn, is limited by the resistance level of 97.20-30. The US dollar index is still limited to the side channel on the risks and lower profitability of the US state bond.
Read also: “The Central Bank of Canada – the prospects for monetary policy “
Hanzenko Anton
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