The main market’s drivers
With the opening of trading on the US trading session, the sale of the US dollar across the market has slowed. In addition to technical oversold, American dollar was supported by multidirectional data on the United States and a decrease in the British pound. Bank of England meeting results had a pressure on the pound. Following the British, commodity currencies slowed down the growth against the American dollar.
As a result, after the sale, the US dollar index found a support at 96.70-60. The American dollar remains oversold significantly and does not exclude the possibility of a moderate correction to the resistance levels: 96.90 and 97.00.
Fig. The US dollar index chart. The current price is 96.60 (10-year US government bonds yield is the blue line)
Read also: “A few useful facts about Bitcoin”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Oil market and its cloudy prospects
- What is expected from the June US Federal Reserve meeting
- U.S. trade opposition. What are the risks
Current Investment ideas:
- Where else, if not on the banking sector! Earn with an investment idea from an Ester company’s expert!
- The best software for earnings on the technology giant’s Microsoft shares is inside! Connect!
- Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
- Several reasons to buy Walmart shares. Use the chance to earn!