The main market drivers

Wednesday’s trading remains very restrained, while the main currency pairs continue to trade at the opening of the day level . The exception was safe haven assets, which show multidirectional dynamics against the American dollar. Such dynamics is associated with the ambiguous dynamics of stock indices.

The US dollar index maintains a restrained upward trend, in conditions of market restraint, once again updating the high of the week at 97.65 and indicating the preservation of the upward correction, but continuing to be limited by the downtrend and resistance levels of 97.60 and 97.80.

Fig. US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Read also: “Trade signals results for half a year”

Andre Green

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

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