Analysis of the past day

Trading on Tuesday was full of data. So, by the end of the day, the British pound received a significant support across the market on positive employment data in the UK. And it despite the fact that the risks around Brexit remain. The US dollar on the day also remained at the mercy of statistics and sentiment. Thus, the published weak data on sales in the secondary real estate market of the United States increased the pressure on the dollar, which remained under pressure from the correction after growth.

At the end of the day, the stock exchanges traded below zero on the general investors’ flight from risks to the pessimistic expectations of the IMF about the global economy, which also caused pressure on commodity assets and general flight from risks (Nikkei 225-0.47 DAX-0.60; FTSE 100 – 1.00; Dow 30 -0.70).

The US dollar index at the end of the day closes at the opening level, while updating the weekly high at around 96.50, which was caused by general negative sentiment and flight from risk. Correction and weak US data increased the pressure on the American dollar. An update of the high indicates the preservation of the upward trend. But this uptrend in the dollar has obviously slowed down, which confirms the moderate growth.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton