State of the market
Closer to the opening of the US session, the upward dynamics of the US dollar slowed significantly. It was based on the fact that the market took into account the possibility of adopting Trump’s tax reform. Also, a restraining factor for strengthening the American is the limited dynamics of the European stock indices and the slowdown in the growth of the US Treasury securities.
The main dynamics of the market remains very restrained and in most cases is limited to a lateral trend. It is likely that there will be a positive attitude toward the American with the opening of the American session, but will be limited to existing flats.
Recommended for reading: “Correction is an integral part of the price movement in the market”
Hanzenko Anton