The main market drivers

On Wednesday trades, the main driver of the market is uncertainty, namely, the ambiguous dynamics of the stock exchanges, which, following a change in the mood of the market, is traded in different directions. This is also seen in safe assets. The exception is oil, which, in addition to the risks, decreases on correction after growth.

The US dollar index also did not become an exception and traded in different directions, limited to resistance levels: 95.30 and 95.50, and support level of 95.00. It is also worth noting that the dollar index forms a “double bottom”, but it is likely to be limited by the existing resistance.

The US dollar index chart. The current price is 95.30 (10-year government bonds yield is a blue line)

Read also: “The main factors of influence on the currency, stock, crypto-currency market. Choose the best tool for trading »

Andre Green

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

Topical articles of the trader’s blog:

1. Stock indices: the Japanese market
2. Emerging markets and their prospects: Turkish lira (TRY)
3. Stock indices: the UK market

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!