State of the market

Trades in the European session are very restrained due to the expectation of data on the promotion of the tax bill in the US. A small decline is demonstrated by the assets of the safe haven: the Swiss franc and the Japanese yen, which is caused by the yield growth of the state bonds of European countries.

On the other hand, Europe’s stock indices remain negative, while raw materials assets show restrained growth. As a result, there remains some uncertainty in the market caused by the preservation of risks while waiting for the adoption of tax reform in the United States.

The US dollar index is trading at the level of the opening of the day, demonstrating a multidirectional dynamics. Support levels: 93.200, 93.000 and 92.800, resistance: 93.500, 93.800 and 94.100.

Graph of the US dollar index. The current price is 93.400.

Hanzenko Anton