The state of the market: the American remains under the pressure of the prospects of trade wars

Since the beginning of the day, the US dollar has remained under the pressure of safe assets, amid the investors’ flight from risks, after it became known about the possibility of introducing new import duties for steel and aluminum in the United States.

The aggravation of trade relations between the United States and its main partners causes the persistence of negative sentiment in the stock markets, which remain in the oversold zone due to constant risks.

Further decline in the dollar index is a bit difficult due to oversold and reaching psychology at 90.00. As a result,  the correction and switch to flat are possible.

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

Hanzenko Anton