State of the market: optimism is recovering on the market
At the opening of Friday trades, there is a growth of optimism in the stock markets after the collapse of stock indices in the US trading session. Fears of tightening the US-Chinese trade war took a new turn, after China announced that it was forced to accept retaliatory duties on American goods. Against the background of this statement, Asian-Pacific stock indices opened with growth, especially China’s indices. The stricter position of China, in turn, may cause a tightening of trade conflict and an increase in market fears.
From the start of the day, the US dollar index has been trading at the opening of the day, after a rapid decline yesterday, resuming the downward trend of the month and limited to the trading range from 97.60 to 97.30-20. Against the background of increasing risks and correction of positions before the weekend, it is possible to update resistance levels.
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Hanzenko Anton
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