Analysis of the past day

On Friday, by the end of the day, the US dollar accelerated its decline across the market. The reason for this was the weak employment data in the United States. In the conditions of a slowdown in the labor market, lowering of the US Federal Reserve rates is more justified. This probability put considerable pressure on the American dollar.

Stock indices were traded far above zero throughout the day due to the weakening of risks around trade opposition. (Nikkei 225 + 0.53; DAX +1.10; FTSE 100 +1.10; Dow 30 +1.20)

The US dollar index at the end of the day closes the week with a significant decrease, having updated a low at the level of 96.50 and maintaining the downward weekly dynamics, but turned out to be significantly oversold. This may indicate the formation of a correction against Friday. Support levels: 96.50 and 96.30, resistances: 96.80 and 97.00.

Fig. The US dollar index chart. The current price is 96.50 (10-year US government bonds yield is the blue line)

Hanzenko Anton