State of the market: the American is trading against Friday

Trades on Monday are under sentiment movement against Friday based on the correction of positions after growth on data on the progress of the tax bill in the US. Along with this, the market shows the persistence of optimistic sentiments, which are expressed by the positive dynamics of the European stock indices and the growth of the yield of the US state bonds.

There is also some uncertainty in the market due to the lack of new drivers for movement and the risks caused by the tax reform in the US. Therefore, with the opening of the American session, one should expect an increase in activity, while maintaining the positive dynamics of stock indices – the formation of a movement to strengthen the American.

Graph of the US dollar index. The current price is 93,600.

Hanzenko Anton