State of the market : the market remains restrained at the beginning of the day - Ester Holdings

State of the market : the market remains restrained at the beginning of the day

With the opening of trading on Thursday, market dynamics remains more restrained. Such dynamics is associated with low activity at the Asia-Pacific trading session due to the weekend in Australia and New Zealand. As a result, Asian stock indices close the session with a decrease in market restraint and lower trading volumes. It is also worth highlighting the growing risks around the US sanctions against Iran, which could also put the pressure on the markets.

The index of the US dollar from the start of the day remains in the correction phase after another rapid growth on risks. The American dollar rebounded the overbought resistance level of 98.20, and thereby expanded the upward channel. Now the significant support levels are the marks: 98.00 and 97.80, the test of which will depend on the general market sentiment.


Read also: “The concept of the driver of the market and what to look for in trade”

Hanzenko Anton


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