Analysis of the past day

Wednesday’s trading closed with another decline in the US dollar against a basket of competitors. This is supported by the strengthening of the pound and the euro while awaiting the conclusion of a Brexit deal between the EU and the UK. Against the background of a decrease in the probability of a tough Brexit, the pound and the euro showed the main activity in the market. At the same time, the US dollar acted as a currency that was sold on uncertainties.

Stock indices were traded in different directions throughout the day, while maintaining some uncertainty due to trading risks. (Nikkei 225 +1.20; DAX +0.40; FTSE 100 -0.40; Dow 30 +0.00)

The US dollar index closed lower for the second consecutive day, increasing the likelihood of a resumption of the downward trend. Updating the day by the US dollar index at 98.10 indicates a test of significant support 98.00-97.90.

Fig. US dollar index chart. Current price – 98.10 (10-year US government bonds yield – blue line)

Hanzenko Anton