Analysis of the past day

On Monday, the US dollar continued to strengthen across the market, despite new trade tariffs between the US and China. The reason for the strengthening of the American dollar was a general decrease in trade risks and an increase in optimism in the conditions of low market activity.

Stock indices closed in different directions at the end of the day, showing a significant growth on the growth of optimism and data on the growth of business activity in China. (Nikkei 225 -0.44; DAX +0.10; FTSE 100 +1.10; Dow 30 +0.20)

The US dollar index kept the ascending dynamics of Friday and updated the past month high at 99.10, significantly increasing the overbought of the American dollar. It is also worth noting the low activity on Monday due to the day off in the US and Canada. On the resumption of normal market activity, a correction in the US dollar is possible. Support levels: 99.00 and 98.70, resistance: 99.20 and 99.40.

Fig. The US dollar index chart. Current price – 99.10 (10-year US government bonds yield – blue line)

Hanzenko Anton