State of the market : the market is waiting for a new wave of trade confrontation

After a brief increase in optimism in the stock markets, the market returned to negative sentiment on the negative dynamics of stock indices at the Asia-Pacific session, which opened with a decline following the decline of indices on Wall Street. The reason for the growth of pessimism was the risk of fears about a trade war. So, China is ready to raise the cost of rare-earth minerals for the United States in response to a trade standoff, thereby responding to the White House’s actions regarding China, exacerbating tensions in trade relations.

Against the background of renewed risks of trade confrontation, the US dollar and safe haven assets received support. Stock indices and commodity assets were under the pressure. The index of the US dollar from the start of the day shows a restrained dynamics, trading at the level of the opening of the day, adjusting after strengthening. The American dollar is actually limited to the expectation of new data on the trade war and resistance levels: 98.00 and 98.20. Support is located on the marks: 97.80 and 97.70.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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