State of the market: the market remains optimistic on progress in trade talks

With the opening of the new working week, a moderate growth of optimism in the market and a weakening of the American currency can be traced. The US-China trade talks, which have entered the final phase continue to be the reason for the growth of optimism. So, on Sunday, the US President D. Trump said that he was delaying the implementation of tariffs for Chinese goods due to the optimistic progress of negotiations on trade agreements. And if progress in the negotiations continues, the leaders of the United States and China will sign a trade agreement. This message has returned optimism to the stock markets in the Asia-Pacific region, supporting commodity currencies and renewed pressure on the American dollar.

The US dollar index on Monday accelerated the decline on the update of the key support of 96.40, the break through of which will indicate an acceleration of the decline to 96.20 and 96.00. So the dollar index confirms keeping the downtrend. Resistance is located at levels: 96.50 and 96.70.

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Hanzenko Anton

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