State of the market : market is waiting for the ECB meeting

Trading on Thursday opened with restrained movement in the foreign exchange market. The commodity currencies of the Asia-Pacific region demonstrates a slight strengthening on the growth of the cost of raw materials and positive data for Australia. The dynamics of stock indices at the start of the day remains negative after negative trading on Wall Street.

From the start of the day, the US dollar index has been trading with a strengthening, adjusting after yesterday’s decline, thus remaining in a restrained sideways dynamics, but maintaining an uptrend. The zone of uncertainty is maintained from 97.00 to 96.70, which is due to the upcoming data.

Read also: “Stock indices of America: Canada, Mexico and Brazil”

Hanzenko Anton

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

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1. The US Dollar Index (DXY) as an auxiliary indicator for trading in commodity currencies
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