The main market drivers

Wednesday trading remains in full control of trade uncertainty that persists around the US – China trade talks. As the market continues to lean towards a pessimistic scenario, the development of events, and more specifically, to force pressure. The possibility of a new wave of exacerbation of trade duties is not ruled out. This has supported the US dollar and safe assets. But since this action will completely erase the results of trade negotiations, less radical actions are not excluded.

After growth, the US dollar index was under the pressure of correction, forming a reversal after the decline, limited by uncertainty and maintaining the trading range from 98.00-10 to 97.80-70.

Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

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Andre Green

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

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