State of the Market: the market without drivers

On Monday, a moderate dynamics is observed on the main currency pairs in the trading limits of Friday. Despite the slight decline of the American at the beginning of the day on the movement against Friday and the growth of stock indices, the market maintains established trends. In turn, market restraint is caused by the absence of significant drivers and uncertainty regarding the recovery of stock indices.

In the current situation – attempts to restore stock exchanges and form flat,the formation of correction is possible, or at least slow down of the dynamics. Therefore, most market participants prefer to take a wait-and-see attitude, which also contributes to correction.

Also, read: “EUR/USD today: the pair slows down“

Hanzenko Anton