Analysis of the past day

On Monday, July 16, the US dollar kept the downward momentum of the end of Friday on the growth of pessimism in the market and negative expectations from the summit in Helsinki, which ultimately actually broke the upward weekly trend in the US currency, which was traced earlier.

Stock exchanges, after negative statistics on China at the beginning of the day, set the tone for the whole day (Nikkei 225 +1.85, DAX +0.30, FTSE 100 -0.90, Dow 30 -0.10), which eventually acted as a driver of the market movement.

At the end of the day, the US dollar index found support at 94.40, but remains under pressure from risks and downward sentiment. By the end of the day, a restrained correction is possible, which will open the way to resistance 94.60-80. But while the American dollar is more inclined to decline. Support levels: 94.40 and 94.20.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Hanzenko Anton