Analysis of the past day

On Wednesday, the dynamics of the currency market throughout the day was very restrained due to the uncertainty and the possibility of a progress in the US – China trade talks. In most major currency pairs, the formation of flat near the borders of the traded channels is traced.

Stock exchanges closer to the close of the day moved into a recovery phase, after a very negative start, helped by weak statistics for China (Nikkei 225 -1.46; DAX +0.80; FTSE 100 +0.10; Dow 30 +0.40) .

During the day, the US dollar index continued to trade in a narrow lateral range of 67.60-40, in fact, maintaining the lateral dynamics near the lower boundary of the upward trading channel. Thus, the US dollar index remains uncertain, limited to support levels: 97.40-30, resistance: 97.60-70.

Fig. The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

Hanzenko Anton