State of the Market: Negative sentiments return to the market

After trades on Wall Street closed in the red, the dynamics of the Asia-Pacific sites remain under pressure. This also negatively affects the general market insistence and the dynamics of risky assets.

Since the beginning of the day, the US dollar has demonstrated attempts to strengthen against its main competitors, while limiting itself to the opening level of the day. The uncertainty of the market is still caused by the risks associated with the US trade war, which could break out with new force on data on the US fight against Chinese investments.

As a result, the dollar index has broken the downtrend and is traded in an upward correction trend, expecting data on the US GDP to come out today and new data on the trade confrontation between the US and China.

Graph of the US dollar index. The current price is 89.50.

Hanzenko Anton