The state of the Asian market: the American is trying to recover

Stock indices of the Asia-Pacific region began the week mainly above zero mark, thanks to the growth of Chinese stock indices. It promotes the movement against Friday, despite the negative closure of Wall Street. The reason for the growth of optimism at the beginning of the day was also the speech of Fed representative Harker, who during his speech in the morning, spoke in favor of raising rates next month. These bullish comments were very cautious, Harker said.

On the other hand, the profitability of the US state bonds remain in a small minus, which can limit the growth of the American and optimism in the stock markets. The dynamics of the market remains tied to political events. Also, the market continues to monitor the situation with the tax reform in the US, which will limit the dynamics of the American.

The US dollar index opened the week at + 0.13%, which was mainly caused by the decline of the British because of the aggravation of the political crisis in the UK. This movement of the dollar index indicates the possibility of a return to the sideways trend, which will be limited by the resistance levels of 94.700 and 95.000.

Hanzenko Anton