The main market drivers

The main driver of Tuesday’s trading remains optimistic mood on the stock exchanges, which contribute to the strengthening of the American dollar. The reason for optimism is the expectation of data on the next deferral of duties on European cars. Thanks to this, there is also a certain optimism that the position of the Trump administration on the US-China trade war will also be revised. The main factor of uncertainty remains the situation with the US-China trade deal.

The US dollar index has strengthened from start of the day, almost completely recovering Monday’s losses, limiting itself to the current month high at 98.40, maintaining an uptrend. In fact, it remains dependent on Trump’s rhetoric and the US foreign policy.

Fig. US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Read also: “What indicators choose Forex traders (Part 1)”

Andre Green

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

Topical articles of the trader’s blog:

1. The U.S.-China trade agreement news
2. The trade war risks are coming back
3. Upward dynamics of gold, resumption of growth or correction before the decline

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1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!