Analysis of the past day

On Monday, trading was held in a mood of movement against Friday. As a result, the main currency pairs corrected on the recovery of the US dollar and partially or completely offset the movement of last Friday. The reason for the recovery of the American dollar was the growth of pessimism in the market, which was caused by the lack of progress of the US – China trade talks.

Stock indices were traded in different directions throughout the day. Thus, the stock indices of the Asia-Pacific region started the day with growth, but the indices of Europe and America were under the pressure, closing the day in the red zone against the background of general pessimism. (Nikkei 225 —; DAX -0.30; FTSE 100 -0.50; Dow 30 -0.00)

The US dollar index was significantly adjusted against Friday, on the risks and the weakening of commodity currencies, but remained under the pressure from the downward trend, limiting itself to resistance levels: 98.50 and 98.70. Support is located at 98.30 and 98.20.

Fig. US dollar index chart. Current price – 98.50 (on 10-year US government bonds yield – blue line)

Hanzenko Anton