Analysis of the past day - Ester Holdings

Analysis of the past day

On Wednesday, trading throughout the day focused on negative market sentiment, which resulted in a collapse of stock indices and a strengthening of the US currency. The driver to strengthen the American dollar and reduce stock indices continued to be the risks of the US – China trade confrontation. Additional pressure on the euro had Italy’s national debt, which may increase due to late fines.

Stock indices remained under the pressure for renewed risk throughout the day. (Nikkei 225-0.20; DAX -1.60; FTSE 100 -1.20; Dow 30 -0.90)

The US dollar, following the results of the trading day on Wednesday, has noticeably strengthened against the basket of competitors, having updated the high at the level of 98.20, thereby maintaining the upward trend in the American dollar, but having strengthened the already significant overbought of the dollar. Resistance levels are located at the levels: 98.20 and 98.40.

Fig. The US dollar index chart. The current price is 98.10 (10-year government bonds yield is the blue line)

Hanzenko Anton

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