The main market’s drivers
The main dynamics of the market remains low and limited to trading ranges Monday and Friday. In the face of continued optimism, safe-haven assets remain under the pressure in stock exchanges. This is especially clearly seen on the dynamics of gold, which has accelerated the decline. The British pound also stands out on the general restraint of the market, which accelerated the decline after restrained employment data in the UK . This was due to new UK government comments on Brexit.
During the Asian and European sessions, the US dollar index continues to be very restrained, limited to resistance of 97.00, thereby maintaining a downward trend, despite attempts to strengthen. Resistance levels: 97.00-10 and 97.20, support: 96.80 and 96.60.
Fig. The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)
Read also: “Trade in currency baskets”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Gold: results and forecasts
- Oil market: results and forecasts
- World reserve currencies and their popularity
Current Investment ideas: