The main market’s drivers

European stock indexes  continue to trade with the strengthening after the growth in the Asian session. The reason for the increase in optimism continues to be the reduction of risks around the US and China trade confrontation.

The US currency at the same time moved to correction after yesterday’s decline, despite the continued optimism. The reason for the correction of the American dollar was the expectation of the British Prime Minister May speech about Brexit, that has already exerted considerable pressure on the pound and may return pessimistic sentiments about Brexit putting pressure on European currencies.

The US dollar index traded with a strengthening on the correction after the decline, but is limited to resistance levels of 94.30-40, thereby unloading the oversold dollar against the basket of competitors.

The US dollar index chart. The current price is 94.20 (10-year government bonds yield is a blue line)

Read also: “Stock indices: the Japanese market”

Andre Green

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

Topical articles of the trader’s blog:

1. Friday trades: features and patterns.
2. Prospects for the dollar by the end of September beginning of October 2018
3. The EU and the UK are making compromises on Brexit

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!