Analysis of the past day

On Monday, at the opening of the new trading week and month, the main driver of trading remained data about decline in tensions in the US – China trade confrontation. This caused the ubiquitous growth of the US dollar, and on some currency pairs the week opened with a gap towards the strengthening of the American dollar.

Stock indices were no exception and also received significant support from reducing the risks of a trade war. It is also worth noting the significant strengthening of oil prices, which received support from the OPEC + meeting, at which the possibility of extending the agreement on limiting oil production was discussed. (Nikkei 225 + 2.13; DAX +1.20; FTSE 100 +1.20; Dow 30 +0.90)

The US dollar index showed a noticeable increase against the basket of competitors during the day, and has updated the high at 96.60, renewing the upward corrective trend, which is limited by overbought.

Fig. The US dollar index chart. The current price is 96.50 (10-year US government bonds yield is the blue line)

Hanzenko Anton