Analysis of the past day

On Friday, at the close of the week, the main market movement was aimed at a correction against yesterday’s strengthening of the US dollar. As a result, the American dollar was restraintely lowering throughout the day. An additional factor to the decline in the dollar were very weak expectations from employment in the United States, which in the end were partially justified, showing an ambiguous jobs report  in the United States.

Stock indices were traded with a decrease throughout the day in maintaining pessimism and weak data on China’s trade balance, which, in turn, increased the growth of negative market sentiment (Nikkei 225-2.01; DAX -0.90; FTSE 100 -1, 10; Dow 30-0.80).

At the end of the day, the US dollar index closes with a decrease, which was caused by a correction after growth at the start of the day, and in the second half of the day, by ambiguous  employment da in the United States. As a result, the US dollar index remains in the correction phase after growth, limited to support levels: 97.20 and 97.00 and an uptrend.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Hanzenko Anton