The main market drivers

The publication of an ambiguous employment data in the United States showed a slowdown in the growth of jobs and wages and a decrease in unemployment in the United States to historical lows. This reduced the risks of a slowdown in the US economy markedly and returned optimism to the market, providing a moderate support to the American dollar and increasing pressure on safe assets.

The British pound has come under the significant pressure from evidence that the EU parliament has rejected the Brexit offer. Earlier, British Prime Minister B. Johnson which in the future may indicate the formation of an upward reversal. Unless, of course, the speech of the US Federal Reserve Chairman does not return said about it, which exacerbated the tension around Brexit and increased pressure on the British pound.

The US dollar index  returned to the psychological mark of 99.00 after growth to lower unemployment and rising optimism. By this, it indicated the formation of lateral dynamics from 99.00-10 to 98.80-70, the dollar index to 98.70.

Fig. US dollar index chart. Current price – 98.90 (10-year US government bonds yield – blue line)

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Andre Green

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

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3. What indicators choose Forex traders (Part 1)

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