The main market's drivers - Ester Holdings

The main market’s drivers

Under the conditions of correction the positions before the weekend, the US dollar and the Japanese yen continue to strengthen over the  market. The main driver of this movement are the market fears and the possibility of new statements regarding the trade war on the weekend.

The White House also confirmed the introduction of tariffs on cars and spare parts for six months, arguing that a trade agreement will be reached during this period. Thus, in fact, the Trump administration retained a lever of pressure on the EU and made it clear that it is ready to act toughly within the framework of a trade war. There was no significant reaction to this news only because it was already taken into account by the market. Previously, these expectations were on the market.

The US dollar index has updated a high at 97.90 in flight from risks, maintaining upward dynamic and overbought and continuing to limit itself to a significant psychological mark of 98.00. Levels of support are the marks: 97.80 and 97.60.

Fig. The US dollar index chart. The current price is 97.90 (on 10-year government bonds yield is the blue line)

Read also: “Trad in currency baskets”

Andre Green


 

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

Topical articles of the trader’s blog:

  1. Expectations from the AUD/USD pair for May
  2. Escalation of the US-China trade war and what it means for the market
  3. Skills each investor must develop

Current Investment ideas:

  1. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
  2. Several reasons to buy Walmart shares. Use the chance to earn!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?