The main market drivers
Friday’s trading continues to be restrained on waiting for the results of the US-China trade talks. Despite maintaining optimism in stock markets, investors remain extremely cautious. Thus, in the end of the European session, safe assets received little support due to their unwillingness to take risks before the weekend. At the same time, commodity assets also show growth, which is mainly due to technical correction.
The US dollar index has updated the high of the last days at the level of 96.80. With it, he expanded slightly the lateral dynamics of the American dollar, but continued to trade in the three-day side channel from 96.80-70 to 96.40-30. The overall dynamics of the American dollar remains very restrained against the background of a decrease in the US state bonds profitability.
The US dollar index chart. The current price is 96.60 (10-year government bonds yield is the blue line)
Read also: “Candlesticks analysis – Continuation patterns. Part 1”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- ZIGZAG – not simple properties of a simple indicator!
- Gold. Expectations March 2019!
- Gold. Expectations for February and March 2019
Current Investment ideas: