The sentiment on the financial and stock markets: EUR, USD, JPY, GOLD, DJIA

The negative sentiment continue to cloud over USD, as does the political scandals as well, which leads to serious movements on the funds and the financial markets.

The Dollar Index declined to a 6-month low, due to the growing concerns around Trump's presidency, the scandal with FBI's ex-director and the accusations for unveiling of a classified information to Russia.

Concerns around Trump have negative effect on the greenback. Classified files, which may or may not be unveiled in front Russia worry the markets. Analysts are concern, that Trump may not be able to finish his first mandate in office, and even if he manages to do so, there are certain things, that are keeping him away from making his promises regarding the economic reforms.

There is no doubt, that the lack of trust towards Trump will continue, which will keep adding pressure on the dollar. This will lower Fed's chances to hike the rates in June. Markets will price in this against the dollar, which may lead to a new rising impulse and reversal of EUR/USD.

There is another reason for the gains of EUR/USD, and it is EUR.

The common currency is supported by two major factors:

Better economic data in Europe. Last 2 quarters, EU nations showed significant growth , which will support the common currency.

This means that we can expect stronger EUR and more negative sentiment and pressure against USD.

The US indices Futures remain pressured, however right after the bell around 16:30 some support and rise is possible, but the short is more likely.

JPY remains strong today, and the chances of that to continue are big.

GOLD as another safe-haven instrument is supported as well, and the short-term expectations are positive.

Stefan D. Angelov - Head of Stocks Trading