State of the market: the American resumes decline

On Monday, the dynamics against Friday is observed on the trades, which is caused by the correction of positions against the Friday movement. So, the stock indices of the Asia-Pacific region began to trade positively due to the positive closing of quotations on Wall Street and general correction after almost a week’s decline. As a result, the stock indices have found support, but they can still be limited to the existing risks of forming a bubble in the stock markets.

The American was under pressure of correction against Friday and recovery of the demand for risky assets. In addition, the US dollar index is in overbought after growth on the flight of investors from risks. As a result, the the sentiments on the market is against Friday, which will exert additional pressure on the US dollar. As a result, the US dollar index shows a slowdown of the upward correction trend, which may indicate a reversal.

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

Hanzenko Anton