State of the market: the market remains under the pressure - Ester Holdings

State of the market: the market remains under the pressure

Trading on Friday opened with restrained attempts of correction after yesterday’s next drop in the US dollar. The reason for the weakening of the American dollar was the continued risk of a slowdown in the US economy and weak data on business activity. Following the decline of the American dollar, stock indices and commodity assets came under the pressure. But this downward movement turned out to be impulsive and short-lived. As a result, by the close of Friday trading, most assets recovered part of the losses.

Friday’s trading opened with a restrained market movement to maintain risks and wait for the US employment report.

From the start of the day, the US dollar index has been trading with attempts to strengthen on correction and risk reduction, but is limited by the downward trend and upcoming employment data in the United States. Resistance levels are: 99.00 and 99.20-30, support levels are: 98.70 and 98.50.


Read also: “Should we expect the currency intervention from the Bank of Japan”

Hanzenko Anton


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