The main market drivers
Monday’s low-key trading was very volatile thanks to optimistic statements that boosted optimism in the market. So, at the start of the day it became known that the EU would give Britain a postponement of Brexit until January 31. Another reason for the growth of optimism was the by the US President D. Trump statement about the progress in the US – China trade talks, an agreement on which could be signed in the near future.
As a result, optimism on the stock exchanges and demand for risky assets sharply increased, increasing the pressure on the safe haven currencies. The US dollar index remained very restrained, limited by correction against Friday.
Fig. US dollar index chart. Current price – 97.80 (10-year US government bonds yield – blue line)
Read also: “Stock indices are ready to renew a historical high”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Aggravation of the US – eurozone trade tension
- USD/CNY – an indicator of the progress of the US – China trade relations
- What to expect from the Bank of England in the face of a tough Brexit
Current Investment ideas: