State of the market: markets are in anticipation
Trades on Friday opened with a restrained movement of a number of key currencies. In the market there are restrained negative sentiments, which can be traced in the majority on currencies of the Asian-Pacific region. Stock exchanges in Asia started trading below zero on risk retention and relatively low market activity.
At the start of the day, the dynamics for strengthening the yen is traced, which is caused by the persistence of fears. The Canadian dollar on the contrary demonstrates growth, which was caused by a comment of US President D. Trump. He said that Canada would become part of the new NAFTA agreement, thereby giving hints of the possibility of stabilizing trade relations between the US and Canada and reducing the tension around the trade confrontation.
The US dollar index at the start of the day remains near the significant support of 95.00, indicating the caution of the market before the publication of today’s employment report in the US and maintaining the trading range of Thursday before the release of the NFP.
Read also: “Some Formations for Earnings in Financial Markets”
Hanzenko Anton
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