The main market drivers

The main dynamics of the market at European trading is aimed at increasing risky assets and weakening the classic safe haven currencies. The reason for such dynamics is the restrained positive dynamics of European stock indices. This was facilitated by the tension in the trade war and data on the UK. Thus, the British opposition parties are ready to cooperate with the ruling majority in order to prevent a tough Brexit. To a large extent, this affected the dynamics of the British pound, which strengthened across the market.

The US dollar index and the market in general remain restrained despite attempts to increase optimism. The US dollar index shows a restrained dynamics against the movement on Monday, limited by support levels: 98.80-90 against a basket of competitors. An upward dynamics will remain for the American dollar in the conditions of closing of trading on Tuesday above levels.

Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

Read also: “US and China are returning to the negotiating table”

Andre Green

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

Topical articles of the trader’s blog:

1. ECB is preparing a stimulus package
2. The national currency exchange rate as an advantage in trade talks
3.  A new front opens in the trade war

Current Investment ideas:

1. Selling Alcoa shares makes a profit! Three reasons to connect now!
2. The trade war for Boeing: good or bad and how can we make money from it!