State of the Market: the American is under pressure

Based on the weak data on the US and the negative start of American stock markets, the US currency remains under pressure, which is caused by the preservation of the current factors contributing to the reduction of the American.

The further decline in the US dollar limits its significant oversold and attempts to restore the profitability of the US state bonds that are trading above the opening level of the day.

Also, the market keeps positive dynamics of raw materials, which is due to rising oil prices in anticipation of data on oil reserves in the US. Despite this, the dynamics of the US dollar and the market as a whole remains limited by low volumes of trades, which eventually causes mixed volatility in the market.

Hanzenko Anton