Analysis of the past day

On Wednesday, the safe haven currencies received a significant support based on the results of restrained trading, due to the uncertainties in the trade negotiations, which caused an increase in pessimism and the New Zealand dollar at the results of the RBNZ meeting, which kept the interest rate unchanged, despite expectations of a decline.

Stock indices were traded lower throughout the day on rising uncertainty and risks of renewed tension in the trade war. (Nikkei 225 -0.85; DAX -0.40; FTSE 100 -0.20; Dow 30 -0.10)

The US dollar index was traded in the side channel throughout the day, limited by trade uncertainty and the existing trading channel. The American dollar restraint on uncertainty slowed the overall upward trend. In the future, this may serve as a reason for a reversal on the exacerbation of trade tension between the United States and China. Resistance is located at the levels: 98.50 and 98.60, support: 98.20 and 98.10.

Fig. The US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Hanzenko Anton