State of the Market: resumption of optimism on the market

After the positive closing of trading on Wall Street, there is an increase in optimism in the market, which in turn supports the US currency. The growth of optimism and risk reduction were caused by data on possible negotiations between the US and China on trade relations. As a result, the world stock markets and state US bonds are traded with a plus.

On the growth of optimism under pressure were safe haven assets, such as yen and gold. The US currency continues to be in demand because of reduction of risks and correction of positions ahead of tomorrow’s US employment report.

The US dollar index since the beginning of the day is traded with a strengthening due to the uptrend and reduction of the risks caused by the trade confrontation. But, also the US dollar index will be limited to the highs of the end of March and the absence of clear signals to reduce risks. Resistance levels: 90.40 and 90.60.

Graph of the US dollar index. The current price is 90.20.

Hanzenko Anton