The main market’s drivers

Friday European session following the Asian trading was held in the mood of investors’ flight from risks and the strengthening of the US dollar. The exception were the safe havon assets – the Japanese yen and gold, that remain to trade in the black by preserving negative sentiment on the stock exchanges.  Very weak corporate reporting that was published today was an additional factor to the growth of pessimism in the market.

The US dollar index slowed the upward trend in the correction after growth and before the close of the week. An ambiguous preliminary data on the US GDP was  an additional factor in the reduction of the American dollar. The dynamics of the US dollar index continues to be limited by the upward channel and the trading range from 96.50-30 to 96.80-97.00.

The US dollar index chart. Current price – 96.70 (10-year government bond yield – blue line)

Read also: “Safe Havon – security tools in financial markets”

Andre Green

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

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