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Analysis of the past day
On Friday, by the end of the day, the US dollar accelerated simply against its main competitors. The American dollar was supported by positive the US GDP data. Also a negative mood in the market supported the American dollar.
Stock indices traded in different directions throughout the day, preserving pessimism on signs of a slowdown in the global economy. (Nikkei 225-0.45; DAX + 0.40; FTSE 100 + 0.70; Dow 30 + 0.10)
The US dollar index closes the week near the mark of 98.10, indicating a significant overbought, while taking into account the meetings of the US Federal Reserve next week and expectations of rates cuts. On Monday the formation of a movement against Friday is expected.
Fig. The US dollar index chart. The current price is 98.10 (10-year US government bonds yield is the blue line)
Hanzenko Anton