Analysis of the past day

As a result of Friday and week trading, the US dollar is showing significant growth, breaking the 98.70 mark. The acceleration of the growth of the US dollar index against a basket of competitors is associated with the collapse of the euro across the market, which may be due to Trump’s criticism of the eurozone’s monetary policy. General sentiment has deteriorated markedly on the rapid growth of the US dollar.

Stock indices were traded significantly above zero throughout the day, receiving support from lowering the risks of trade confrontation. But bidding on Wall Street opened lower, due to the sharp strengthening of the American dollar. (Nikkei 225 +1.19; DAX + 0.60; FTSE 100 +0.00; Dow 30 -0.10)

The rapid strengthening of the US dollar at the close of the trading week indicates a high probability of correction on Monday. This may return the American dollar to support levels: 98.60-50.

Fig. The US dollar index chart. Current price – 98.70 (10-year US government bonds yield – blue line)

Hanzenko Anton