State of the market

Stock indexes in Europe are traded in different directions, following the ambiguous dynamics of Asia. The reason for such uncertainty in the market was the reduction of tension around the risks under the arrangement of the NAFTA between the US and Canada and the promotion of Brexit talks between the UK and the EU. But, on the other hand, the limiting factor for optimism was the escalation of  the US and China trade conflict. As a result, the market can not decide on the mood and trades in a sideways trend.

Also, the limiting factor was the expectation of the results of the Bank of England and the ECB meetings, which will take place tomorrow. Against the background of waiting for these news investors prefer to take a waiting attitude.

Against the background of market uncertainty and ambiguous dynamics of stock indices, the US dollar index remains in the lateral trend, limited to the support level of 95.00 and forming an upward triangle, which confirms the safety of the uptrend.

The US dollar index chart. The current price is 95.20 (10-year government bonds yield is a blue line)

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Dani Levitan

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

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