The main market’s drivers
General dynamics of the market remains restrained, limited to the risks of a trade war. The British pound came under the pressure, in the context of the formation of flat on major currency pairs and the growth of commodity currencies at optimism, after the statement by the British Prime Minister B. Johnson on the general election after Brexit. Thereby increased political risks in the UK.
The US dollar index and the market in general continue to trade restrainedly, limiting themselves to lateral dynamics. The American dollar continues to trade in the established channel from 97.80 to 97.30.
Fig. The US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- A new round of trade war: duties, restrictions, prospects
- The results of the July Fed meeting for the market
- Trade signals results for half a year