Analysis of the past day

On Friday, trading on the foreign exchange market was very volatile, which was facilitated by increased risks and negative sentiment due to the possibility of resuming the US – China trade confrontation. Amid growing risks, the Japanese yen and the US dollar received a considerable support. In addition, support for flight from risk was provided by weak data for the euro area.

Stock indices at the opening of trading in Europe went into the red zone due to increased risks and the collapse of the euro (Nikkei 225 +0.09; DAX -1,60; FTSE 100 -2,10; Dow 30 -1,40).

The dollar index closes the day and the week of growth, limiting itself to overbought and resistance 96.70, thereby significantly slowing down the downward trend and giving all hints on the formation of an upward trend.

The US dollar index. The current price is 96.70 (10-year government bonds yield is the blue line)

Hanzenko Anton