Analysis of the past day

Follow up to Thursday, the US currency weakened across the market spectrum. It was caused by the publication of weak inflation data in the US and the optimistic tone of the ECB head during a press conference that put a significant pressure on the dollar across the market.

In addition to information pressure on the US dollar, the currency was pressured by stock indices, that from the start of the day showed growth due to data that the United States and China are preparing to return to the negotiating table on the trade agreement. (Nikkei 225 + 0.97, DAX + 0.25 FTSE 100 -0.40, Dow 30 +0.40).

As a result, the US dollar index has updated at least at 94.40, thereby being in considerable oversoldness, fully forming a downtrend, which is limited to the support level  at 94.50.

The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)

Hanzenko Anton