The main market’s drivers
Monday trades remain restrained and limited by the growth of pessimism after the statistics on China has heightened concerns about the development of the world economy. On the other hand, the persistence of political risks in the United States around the partial government shutdown increases the political risks of the US dollar, limiting the strengthening of the American dollar as a safe haven currency.
The exception, against the background of negative trading on Monday, is the British pound, which is strengthening against most competitors. The reason for the growth of the British pound continues to be failures regarding the Brexit deal, which the British government is boycotting, thereby blocking Brexit itself, which is more likely than Brexit without a deal.
Read also: “Analysis of cross-rates in relation to major currency pairs”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Long-term investment in currency pairs! The GBP/USD pair!
- Geopolitical risks for the beginning of 2019! (Part 2)
- Geopolitical risks for the beginning of 2019!
Current Investment ideas: