State of the Market: American is being adjusted

With the negative opening of the US stock indices, the US currency was under pressure of correction. At the same time, the upward trend relative to the US dollar, which is traced from last Friday, is in force. In the market there is a slight decrease in negative sentiment, which previously caused the collapse of global stock exchanges. This is also indicated by the positive dynamics of raw materials and more risky assets.

In conditions of the upward dynamics of the US dollar index, the correction of the US currency is limited to support levels of 89.80 and 89.60-50. Also the US state bonds keep positive dynamics, trading near a four-year high, which will limit a significant drop in the American.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton