State of the market: the market is waiting for drivers - Ester Holdings
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State of the market: the market is waiting for drivers

At the beginning of the day, trades on most currency pairs remain restrained and are trading at the opening day. On the stock exchanges of the Asia-Pacific region, there is a positive dynamics, which was caused by the information that China sent a delegation to the United States under a trade agreement. The return of the US and China to the negotiating table on the trade confrontation has returned optimism to the market. But these news also limits the market in the corrective movement, as the failure of this delegation will mean a new round of investors’ flight from risk.

The US dollar index since the beginning of the day is trading above the psychology of 96.50, thereby maintaining the trading range from 96.50-40 to 96.80. The formation of lateral movement indicates a slowdown in the decline of the American dollar on the correction, which, in turn, indicates the continued risk in the market.


Read also: “The oil market. Prospects and expectations “

Hanzenko Anton

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

Topical articles of the trader’s blog:

  1. Medium-term prospects for the US dollar for August-September
  2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
  3. Stock indices: the Japanese market

Current Investment ideas:

  1. Preparing to have profits on an optimistic report of Alcoa Inc.!
  2. On weak reporting of Boeing shares we can get a strong income!

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