The Federal Reserve Supports The Market

Today is Monday the 2nd of December. We have to say that there are several important events that have occurred. 

The President of the United States has signed a bill on the rights of representatives of China.

This event collapsed the market by 0.35% as a whole, which is actually not so much. And here it should be noted that the Fed quite seriously supports the market.

If this happened one quarter ago, then we would see big sales on trading platforms. Please note that these events occurred at the time of the thin market, which adds confidence.

While in China, GDP fell and indicators tend to decline.

This week, important statements from OPEC and OPEC plus will be held on December 5, 6 and 7th.

But the information should be checked in relation to events.

Oil market news and events influenced the dynamics of the market and contributed to a 3.73% drop in performance

The dollar index did not go to update hai, market players expect that the indicators should weaken. In this case, many participants adhere to the idea that there is a chance to fight off resistance by reaching positions 98.65 - 98.35

From these positions, you can count on a fall of 98.05 - 97.85 being in the short strategy and adhering to it for one or two days.