The main market’s drivers

The dynamics of trading on Tuesday at the European trading session remains very restrained, despite the continued weakness of the US currency. The British pound showed a noticeable increase in volatility, having strengthened at the opening of European trading, but after it returned to previous levels. The reason for the ambiguity of the pound are political risks and uncertainty around Brexit.

The reduction of negative sentiment contributed to the moderate recovery of commodity assets, which coincided with the strengthening of the British pound. At the same time, the overall geopolitical tension in the market continued to persist, indicating anincrease of the safe haven assets. The US dollar index is trading at the opening of the day level, forming a correctional flat after the decline, limited to the trading range from 96.20-30 to 95.80-70.

Fig. The US dollar index chart. The current price is 96.00 (10-year US government bonds yield is the blue line)

Read also: “Moving Averages
as an indicator of determining the strength of a trend”

Andre Green

---

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

Topical articles of the trader’s blog:

1. Prospects for the USD/JPY for early July
2. Oil market and its cloudy prospects
3. What is expected from the June US Federal Reserve meeting

Current Investment ideas:

1. Where else, if not on the banking sector! Earn with an investment idea from an Ester company’s expert!
2. The best software for earnings on the technology giant’s Microsoft shares is inside! Connect!
3. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!