The main market’s drivers

Trading on European stock markets are under pressure from negative sentiment that persists in stock markets after Apple cut sales forecasts. It reinforced the negative sentiment on the stock markets, which already remained under pressure from the slowdown of the global economy and general political risks, resuming flight from risks and the growth of American dollar as an alternative.

From the start of the day, the US dollar index has been trading in different directions, remaining in the trading range from 96.50 to 96.70, indicating limitedness, but at the same time maintaining an upward trend, which is limited by general sentiment and the expectation of the US statistics. Levels of significant resistance are: 97.00 and 97.20, support levels are: 96.70 and 96.50.

The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Read also: “Prospects for recovery of emerging markets”

Andre Green

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

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