State of the market: pessimism continues to put pressure on the dollar

Thursday’s trading opened with a restrained movement of major currency pairs, after another decline in the American dollar, which was traced in the second half of Wednesday. At the opening of trading on Thursday, there is a restrained correction, which continues to be limited by negative market sentiment.

The US dollar index from the start of the day shows a moderate correction after the decline, having rebounded from the level of 99.00. The upward correction of the American dollar is limited by the resistance level of 99.20-30 and the preservation of pessimistic market sentiment. Therefore, the possibility of repeating yesterday’s movement model, where sales of the US dollar will resume after correction, is not ruled out.

Read also: “G20 Summit – what to expect and to beware of”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Stock indices are ready to renew a historical high
2. What indicators choose Forex traders (Part 1)
3. The results of the ECB September meeting for the global economy

Current Investment ideas:

1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!
2. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!