Analysis of the past day - Ester Holdings

Analysis of the past day

On Tuesday, the US dollar strengthened significantly against a basket of major competitors. The reason for the strengthening of the American dollar was the expectation of a trade deal between the United States and China. Additional support for the American dollar was provided by positive data on business activity in the USA, which reduced the likelihood of a slowdown in the US economy. As a result, the US dollar strengthened significantly against the euro and safe assets.

Stock indices throughout the day maintained a restrained upward trend in anticipation of a decrease in trade stress. (Nikkei 225 +1.76; DAX +0.00; FTSE 100 +0.20; Dow 30 +0.10)

The US dollar index closes the day by updating the monthly high at 97.90, which was associated with the publication of data on business activity. As a result, the growth of the American dollar was limited by overbought and the level of 98.00. Support is located at 97.70-80 and 97.50.

Fig. US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

Hanzenko Anton

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