The main market drivers

Stock indexes in Europe are traded in the red zone due to the escalation of the trade confrontation between the US and China. As a result, the market remains mixed, and investors are prone to safe harbor assets.

The US dollar index is trading with a slight strengthening against the basket of major competitors, in anticipation of tightening of trade duties to China and a decrease in  US government bonds yields.  In turn, the US dollar index is limited to yesterday’s highs at the level of 95.40-50, the retreat from which will indicate a repeat support test of 95.00.

The US dollar index chart. The current price is 95.20 (10-year government bonds yield is a blue line)

Read also: “The most common mistakes made by trader. Know and do not make “

Andre Green

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

Topical articles of the trader’s blog:

1. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
2. Stock indices: the Japanese market
3. Emerging markets and their prospects: Turkish lira (TRY)

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!