Analysis of the past day

Monday’s trading kept the downward trend of the American dollar, which was traced last days of the past week. Despite the current uncertainty over the US-China trade deal, the sharpening pessimism regarding this agreement continued to put pressure on the US dollar.

Stock indices close the day noticeably below zero, despite the attempts of growth at the start of the day. It was caused by a general increase in pessimism in the market. As a result, the demand for safe haven currencies has increased. (Nikkei 225 +0.49; DAX -0.70; FTSE 100 -0.10; Dow 30 +0.00)

According to the results of the day, the US dollar index updated the low at 97.80, maintaining the downward trend of the last trading days and increasing the oversold of the American dollar, forming a downward correction against growth in early November. In fact, it is limited to support 97.80-70.

Fig. The US dollar index chart. Current price – 98.80 (10-year US government bonds yield – blue line)

Hanzenko Anton