The main market's drivers - Ester Holdings

The main market’s drivers

The market remains under the pressure of negative sentiment and it caused the decline in stock indices from the start of the day. The reason for the growth of negative sentiment in the market was aggravation of the US and China relations or rather, the Trump’s  accusation that China is interfering in upcoming midterm elections to the US Congress. This statement was not supported, but it was an occasion to aggravate the risks on the market. In addition, the collapse of the US state bonds yield on the Fed statements on further tightening of monetary policy contributed to the growth of pessimism in the market.

The US dollar index remains optimistic, but is also limited by the monthly downtrend, which is the main limiting factor on the way to further growth of the US dollar against the basket of competitors.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Read also: “Stochastic Oscillator (Stochastic) – another useful indicator”

Andre Green

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

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