Analysis of the past day - Ester Holdings

Analysis of the past day

On Monda trading turned out to be very volatiley, despite the lack of planned significant data. The reason for the increase in volatility was data on the postponement of the Brexit date by three months and a information about the progress in the US-China trade talks, which can be signed in the near future. Against this background, optimism in the market increased sharply and the demand for safe haven assets decreased.

Stock indices were traded above zero throughout the day, receiving a support from positive data. (Nikkei 225 +0.30; DAX +0.50; FTSE 100 +0.20; Dow 30 +0.40)

The US dollar index was traded on Monday under the pressure of correction against Friday’s growth. At the same time, the growth of optimism in the market limited the decline in the American dollar. As a result, the dollar was corrected cautiously, maintaining a noticeable overbought against a basket of competitors, remaining limited by resistance levels: 97.90 and 98.00-10, support: 97.60-50 and 97.30.

Fig. US dollar index chart. Current price – 97.80 (10-year US government bonds yield – blue line)

Hanzenko Anton


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