State of the market: markets are under pressure

Stock markets in the Asia-Pacific region started trading in the negative zone following the negative dynamics on Wall Street and negative data on business activity in the services sector of China, which in fact became a driver for the resumption of negative sentiments about the trade confrontation.

At the same time, the dollar index from the start of the day traced the dynamics of the correction, which markedly relieved the overbought after yesterday’s growth and formed an upward trading channel.

Against the background of renewed risks, the US currency returned to growth, forming a retreat from the level of 95.30 and testing the resistance level at 95.50. Fixing above 95.50 will indicate a repeat resistance test of 95.70 and a possible test of 96.00.

Read also: “Trade balance influence on the country’s economy”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Swedish Krona. Features of trading Scandinavian currencies
2. Norwegian Krone. Features of trading Scandinavian currencies
3. Stock indices of America: Canada, Mexico and Brazil

Current Investment ideas:

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