Analysis of the past day

On Tuesday, December 5, the US currency managed to significantly strengthen against the main basket of world currencies, despite the weak statistics on business activity and the US trade balance. The strengthening of the American was caused by the increase in the profitability of the US state bonds and technical correction. Despite the fact that the day is full of statistics, the main drivers of the market continued to be the general sentiments and fundamental factors that came out earlier.

As a result of today’s trading, bitcoin managed to update the historical maximum, but it was not possible to develop the upward dynamics due to the preservation of a significant resistance level.

Regarding the British pound, trades went more calmly in a downtrend, amid a lack of new data on Brexit and a upcoming correction.

Closer to the end of the day, the US dollar index managed to get out of the established downward trend, thereby putting the security of this trend under doubt. But the US dollar index can not develop a corrective movement either, staying within the limits of lateral correction. It is limiting itself to the resistance level of 93.400.

Graph of the US dollar index. The current price is 93.250.

Hanzenko Anton