The main market's drivers - Ester Holdings

The main market’s drivers

With the resumption of activity on the background trading platforms in Europe, the overall market optimism has declined. Along with stock exchanges, risky assets also came under the pressure. The reason for this movement was the resumption of activity and restraint of the market against the background of the general strengthening of oil prices and the associated risks.

Separately, it is worth highlighting the corporate reporting calendar, which has a significant impact on background indices. The peak of the publication of which fell on the current week. Therefore, we should expect a significant impact on trading from the stock exchanges, especially closer to the US trading session.

The US dollar index and foreign exchange market as a whole, on the resumption of activity, increased trading volatility. With all this, the index has retained some ambiguity, which can be traced in the EUR/USD pair. Further strengthening of the American dollar can be traced against commodity currencies. The US dollar index is limited to the Monday trading range from 97.40 to 97.30-20.

Fig. The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)

Read also: “Moving Averages (Moving Averange)
as an indicator of determining the strength of the trend”

Andre Green


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