 |
| Dollar Index, four-hour chart, source:FXStreet.com |
cf. [EUR] Rising Euro under the Downward Trend 2019 1115
cf. [USDX] Rising Dollar 2019 1109
cf. [USDX] Trying Rebound 2019 1104
U.S. dollar is under the influence of U.S.-Sino trade talks. As it seems not to be succeeded in this year, safe-haven asset gets momentum and greenback rises against other currencies except Japanese Yen and Swiss Franc.
The uncertain view about small deal makes investors to hesitate to buy risky asset.
And the Hong Kong issue affects Forex market, too. As tension between top 2 economy entities rises because of Hong Kong issue, greenback's price rises, too.
Hong Kong media, the South China Morning Post reported, China watches Donald Trump’s response to US Hong Kong bill as it threatens to become new barrier to trade deal.
Euro zone economy still doesn't work well, it burdens euro and makes dollar to rise.
Number one economy entity in euro zone, German economy showed that. German Flash Manufacturing PMI recorded 43.8 higher than expected 42.9, but German Flash Services PMI hit 51.3 worse than expected 52.0 and previous 51.6.
It made greenback to rise high, and Dollar Index, greenback's price against six currencies' basket reached 98.4 and 98.0 as of 09:30(UTC).
In the technical analytic view, USDX in four-hour chart rises breaking through middle band and reaching upper band. It doesn't fall below middle band and upward trend line, and it seems to keep a upward trend.
e-mail - kmuk001@gmail.com
Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report
https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com
#Gjallarhorn, Heimdallr, #USDX, #dollarindex, #걀라호른, 헤임달, #달러, #달러인덱스
No comments:
Post a Comment