Analysis of the past day

On Monday, September 10, the US currency was under pressure against the basket of major currencies, which was due to the resumption of optimism in the stock market.

Also at the end of the day, the British pound appreciated significantly, which received support from the UK GDP data and Barne’s next statement. As a result, the pound is trading near the highs of recent weeks against major competitors.

Stock indices, starting from the European session, are traded above zero, contributing to the growth of optimism in the market and strengthening of risky assets (Nikkei 225 +0.31, DAX +0.25 FTSE 100 -0.10, Dow 30 +0.10).

The US dollar index  against the basket of major competitors has grown significantly on the optimism in the market. As a result, the index approached the significant support of 95.00, which corresponds to the lower boundary of the upward channel.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

Hanzenko Anton