The main market drivers

Trades on European stock exchanges remain negative against the backdrop of maintaining risks associated with investment risks of European banks in the Turkish economy. As a result, after the resumption of pessimism at the beginning of the day, a restrained correction against the US dollar is traced. At the same time, the market is in no hurry to reduce its positions on the dollar, despite the formation of flat by most major currency pairs. The reason for restraint remains negative moods and persistent negative sentiments.

The dollar index is limited to the trading range from 96.50 to 96.20, in which it is possible to form a flat. The reason for deeper correction may be the positive start of the American stock markets, which will be limited to the support level of 96.00-95.80.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is a 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:

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!