State of the market: the market is waiting for the US employment data - Ester Holdings

State of the market: the market is waiting for the US employment data

With the opening of trading on Friday, the market can be traced back to the strengthening of the US dollar against a basket of major competitors. The reason for the low-key correction of the American dollar remains the expectations of an employment data in the US, which will be released today. Earlier, the American dollar accelerated the decline by updating the low, which was caused by the general growth of the euro on the ECB meeting results.

The US dollar index is trading with a moderate strengthening of the correction against yesterday’s decline, limited to a weekly downward trend. Under conditions of waiting for data on the US labor market and maintaining the correction, a flat is expected to form in the trading range from 96.90-80 to 97.20-30, which will continue until employment data is released. The overall dynamics of the US dollar index remains downward and is limited to support levels: 96.80 and 96.50. Significant resistance is located at 97.50 and 97.80.


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Hanzenko Anton


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