Analysis of the past day

On Monday, July 2, the US currency strengthened across the market. The reason for the growth of the American dollar was the preservation of weak signals on the Chinese economy, which caused a negative start to trading on the stock exchanges. In addition to the negative opening of the week under pressure, the euro was also due to a split in the ruling coalition of Germany. The reason for the aggravation of political risks in the euro area was the previously adopted agreement on migrants, which called into question the political stability in Germany.

Stock markets against the backdrop of negative sentiments in China and the growth of the American dollar have returned to a downward trend (Nikkei 225 -2.29, DAX -0.40, FTSE 100 -0.90, Dow 30 -0.40). As a result, the market remains stable negative moods.

The US dollar index showed a significant growth, thereby having won back most of the lost points earlier on Friday and retaining a general upward trend for the USD, which is traced from the end of March this year. The consolidation of the dollar index above 95.00, in turn, opens the way to resistance levels of 95.20-30 and 95.50.

US dollar index Graph. The current price is 94.60 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton