Analysis of the past day

On Monday, trading in most major currency pairs was restrained. The reason for the restraint of the market was the overcrowding of the US currency and the lack of drivers for the market movement. The exception to the restrained dynamics was the British pound, which was under the pressure against the background of an increase in the likelihood of a hard Brexit.

Stock indices at moderate trading on Monday showed multidirectional dynamics, which by the afternoon had shifted to positive dynamics. (Nikkei 225-0.37; DAX + 0.20; FTSE 100 +2.00; Dow 30 +0.10)

The US dollar index maintained an upward trend, despite overbought and attempts of correction against Friday early in the day. A collapse of the British pound and increased risks in Europe gave a support for the American dollar. As a result, the US dollar against a basket of competitors has updated a high of 98.15. By this it confirmed the upward trend and overbought. Significant resistance levels: 98.20 and 98.30, support: 98.00 and 97.90.

Fig. Graph of the US dollar index. The current price is 98.10 (the yield on 10-year US government bonds is the blue line)

Hanzenko Anton