The main market drivers

European stock indices are trading above zero after the positive closing of trading in the Asia-Pacific session. Trump’s criticize in the direction of the Fed and the expectation of results on  the US and China trade agreements continues to  be the main driver of the market movement.

The US dollar at the same time found support near the level of 95.50, from which he shows restrained attempts at correction. It is worth noting that the correction of the dollar is caused by technical factors and will be limited in relatively calm trading. The level of resistance in this case for the US dollar index stands at 95.80, psychology 96.00 is more significant resistance.

The US dollar index chart. The current price is 95.70 (10-year government bonds yield is a blue line)

Read also: “Emerging markets and their prospects: Turkish lira (TRY)”

Andre Green

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Collapse of the Turkish lira. A threat to the market!
2. Medium-term prospects for the US dollar for August-September
3. Emerging markets and their prospects: Chinese yuan (CNH or CNY)

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!