The main market’s drivers

Closer to the end of the trading week, negative sentiments regarding the trade war persist in the market. Despite the fact that the US President D. Trump said he was ready to postpone the new 10% duty if China takes this action, the market did not actually respond to this statement, continuing to adhere to pessimistic sentiments.

Stable negative moods are in the market, supporting safe assets and increasing pressure on risky ones. The US dollar index remains under the pressure, being limited to oversold. So, the American dollar continues to trade near the support level of 98.20-10, from which growth can resume. But it is worth noting that a further decrease in the US dollar is possible in the face of the persistence or aggravation of the risks of a trade war.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “The main reasons for the weakening of the US dollar.
Fed’s rate cuts”

Andre Green

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

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