The main market drivers - Ester Holdings

The main market drivers

After reports that euro zone banks are concerned about the collapse of the Turkish lira, the euro was under pressure across the entire market spectrum on the investors flight from risks. Assets of safe harbor in this case were the US dollar, the Japanese yen and the Swiss franc. At the same time, the market faced a second threat of slowing the growth of emerging markets, which could also have a negative impact on developed market economies.

The dollar index, amid rising negative sentiment and inflation data in the US, further strengthens the dollar on investors’ flight from risks. The dollar index, in turn, is limited by resistance levels: 96.30 and 96.50.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is a blue line)

Read also: “Carry trade – the earning strategy on cross-rates”

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!

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