The main market drivers

Stock exchanges in Europe are trading slightly above the opening level of the day, limited to the introduction of new mutual duties between the US and China. As a result, there remains some uncertainty in the market with investors’ tendency to buy US dollars. In turn, the growth of the dollar is limited to the resumed political risks in the US.

The US dollar index remains in the correction phase after the decline, limited to the trading range from 95.20 to 95.50. Strengthening the dollar index above psychology 95.00 retains the potential for growth of the dollar.

The US dollar index chart. The current price is 95.30 (10-year government bonds yield is a blue line)

Read also: “Interesting stories from financial world”

Andre Green

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

Topical articles of the trader’s blog:

1. Stock indices : Asia-Pacific region
2. Collapse of the Turkish lira. A threat to the market!
3. Medium-term prospects for the US dollar for August-September

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!