State of the market: the market remains restrained

At the opening of trading on Thursday, the market remains restrained, despite the cautiously positive dynamics of stock indices and a decrease in general pessimistic sentiment in the market. Despite the growth of optimism, risky assets remain restrained against the US dollar at the start of the day. European currencies are showing noticeable growth due to the return of optimism on Brexit.

The US dollar index has remained under the pressure from the start of the day, indicating the resumption of a downtrend. But a decline in the US government bond yields and continued uncertainty in the market could slow the decline in the American dollar. Significant resistance for the US dollar index are the marks: 97.60 and 97.80, support: 97.30 and 97.00.

Read also: “How Real is the currency intervention in the US”

Hanzenko Anton

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