Analysis of the past day

On Thursday,  the US dollar continued to weaken against the basket of competitors as the results of the day, it continued to contribute to expectations of  rates cut by the US Federal Reserve. Also the British pound was under the pressure on  the Bank of England meeting results.

Stock indices throughout the day were trading above zero on the growth of commodity assets and the weakness of the American dollar. (Nikkei 225 + 0.45; DAX + 0.50; FTSE 100 + 0.50; Dow 30 + 0.70)

The dollar index at the end of the day updated a low at the level of 96.60, being in a significant oversold, which contributed to the technical correction after the decline. Support levels: 96.60 and 96.50, resistance: 96.80 and 97.00.

Fig. The US dollar index chart. The current price is 96.70 (10-year US government bonds yield is the blue line)

Hanzenko Anton