Analysis of the past day

On Monday, trading was held under negative sentiment associated with the aggravation of the US – China trade confrontation. Against the backdrop of negative sentiment and retaliatory action by China, the US dollar came under the pressure, which weakened against safe currencies and against risky ones.

Stock indices throughout the day were traded lower on the escalation of the US-China trade war. (Nikkei 225 -1.74; DAX -1.80; FTSE 100 -2.50; Dow 30 -2.00)

The US dollar index significantly weakened against a basket of competitors, updating a low at 97.50, maintaining the downward trend of recent days and finding itself in significant oversold, limited by support levels: 97.50 and 97.30. The resistance is the levels: 97.80 and 98.00.

Fig. The US dollar index chart. Current price – 97.70 (10-year US government bonds yield – blue line)

Hanzenko Anton