Analysis of the past day

On Tuesday, the market showed a restrained recovery of the US dollar across the market. The American dollar growth was triggered by data on the progress in the US – China trade talks. Against this background, the market turned its attention to the American currency and its significant oversold.

Stock indices at the end of the day were traded in a significant plus on the positive market sentiment and the publication of corporate reporting. (Nikkei 225 —; DAX +0.10; FTSE 100 + 0.80; Dow 30 +0.10)

The US dollar index retreated from the lows of the current week, having returned above the level of 9.30-20. But it was also limited by the resistance of 97.50, which indicates the preservation of the downward trend in the dollar. Technically, the American dollar was supported by a decrease in the US government bonds yield.

Fig. US dollar index chart. Current price – 97.40 (10-year US government bonds yield – blue line)

Hanzenko Anton