State of the market: the market without drivers

Friday’s trading remains restrained on waiting for the G20 summit, which begins in Japan. The main factor of uncertainty remains the meeting of the leaders of the United States and China at the summit. Earlier, the US President D. Trump announced the possibility of reaching trade agreements between the US and China. This was the reason for the growth of optimism in the market. But also this meeting retains the risks of the possibility of continuing trade opposition, thereby causing market restraint in anticipation of the results of trade negotiations.

From the start of the day, the US dollar index has been trading under the slight pressure, which forms a flat on an American dollar, indicating a slowdown in the upward corrective dynamics. In fact, the US dollar index remains flat from 96.30-50 to 96.00.

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Hanzenko Anton

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

Topical articles of the trader’s blog:

1. G20 Summit – what to expect and to beware of
2. Prospects for the USD/JPY for early July
3. Oil market and its cloudy prospects

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