Analysis of the past day

On Wednesday, trading on the market took place in different directions, due to the mixed dynamics of the US dollar. So, in the morning, the American dollar corrected against yesterday’s decline, updating the daily high against a basket of major competitors at 99.40. But the persistence of negative market sentiment and concerns about a slowdown in the US economy resumed sales of the American dollar. A weak preliminary data on the US employment growth increased pressure on the dollar.

Stock indices from the start of the day have maintained a downward trend in the resumption of risks of a slowdown in the global economy (Nikkei 225 -0.51; DAX -2.20; FTSE 100 -3.00; Dow 30 -1.60)

The US dollar index is retesting support 99.00-10, indicating a slowdown of the uptrend and attempts to form a reversal. But due to the expectation of a Friday US employment report, sales of the American dollar will be limited. Support levels: 99.00 and 98.80, resistance: 99.20-30 and 99.50.

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

Hanzenko Anton