The main market’s drivers
The European trading session is held with the strengthening of the US dollar against the majority of its main competitors.
The British pound demonstrates significant volatility, which received support from reducing political risks. For example, Boris Johnson wins the fight for the post of the British Prime Minister with a significant lead in the first round. This provided restrained support to the British pound. Despite the fact that Johnson stands for the Brexit without a deal, the pound is strengthened by reducing political risks.
The US dollar index shows growth, despite the weak data for the US. He overcame significant resistance, but is limited to overbought. As a result, a moderate decline in American dollar is expected.
Fig. The US dollar index chart. The current price is 97.00 (10-year US government bonds yield is the blue line)
Read also: “Fundamental analysis:
Labor market and its impact on the dynamics of the national currency “
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- U.S. trade opposition. What are the risks
- Political risks are escalating around candidates for the Prime Minister in the UK
- Cryptocurrency market. What is happening now and what to expect
Current Investment ideas:
- Where else, if not on the banking sector! Earn with an investment idea from an Ester company’s expert!
- The best software for earnings on the technology giant’s Microsoft shares is inside! Connect!
- Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
- Several reasons to buy Walmart shares. Use the chance to earn!