Analysis of the past day - Ester Holdings

Analysis of the past day

According to Friday trading results, the US dollar continued to decline, waiting for the US – China trade talks and rates cuts in the United States. But continued optimism supported risky currencies. The British pound continued to receive significant support in lowering the risks of the tough Brexit.

Stock indices were traded in a significant plus  during the day on easing tension in the trade war. (Nikkei 225 +1.15; DAX + 2.40; FTSE 100 + 0.60; Dow 30 +1.60)

The dollar index updated the low at 98.20 on general weakness, which formed a downward trend, but was limited by oversold and a decline in activity at the end of the week. It is expected an increase of volatility with the publication of details on trade negotiations between the United States and China. Given the restraint, a correction against Friday is likely to form. Support levels are: 98.20 and 98.00; Resistance levels are: 98.50 and 98.80.

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

Hanzenko Anton

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