State of the market - Ester Holdings

State of the market

Amid a decrease in easing tension around the US-China trade war, the pressure on the US currency has declined. As a result, the US dollar even received a small stimulus for growth, which was preceded by data on easing trade tension from China.

With the weakening risks of a trade war, European stock markets showed moderate growth, but closer to the opening of trading in America, optimism in the market weakened. The US dollar index from the start of the day formed a rebound from the level of 97.30-20, but was limited by the resistance level of 97.80 and the weakening of optimism. In the conditions of consolidation of the American dollar above 97.50, potential for growth remains.

Fig. The US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Read also: “Fractals. Another simple indicator for earnings”

Andre Green


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

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