Analysis of the past day

On Friday, the US dollar continued to decline against a basket of major competitors due to expectations of the US rates cut. At the same time, the main decline of the American dollar fell against European currencies. While the slowdown in the growth of stock indices, despite the easing of tension in trade relations, limited the growth of risky assets.

Stock indices were traded with strengthening during the day. On the evidence that the US-China trade relations are gradually improving. But the overall dynamics of the indices remained limited. (Nikkei 225 +1.05; DAX + 0.50; FTSE 100 +0.20; Dow 30 +0.20)

According to the results of the day, the US dollar index updated a low at 98.00, after which it moved to a correction for positive data on the US retail sales and technical correction of positions before the weekend, which is limited by resistance levels: 98.30 and 98.50.

Fig. US dollar index chart. Current price – 98.30 (10-year US government bonds yield – blue line)

Hanzenko Anton