Analysis of the past day

On Thursday, the market remained highly volatile on a publishing data from the Bank of England meeting. As a result of the meeting, the votes for maintaining the key interest rate were separated, which was regarded by the market as an opportunity of the rates cuts in the UK and put pressure on the British pound. Amid the decline in the British, support was given to commodity currencies, which continued to grow on optimism around the expectation of a trade agreement between the US and China.

Stock indices were traded with strengthening throughout the day on optimism around  theUS-China trade relations. (Nikkei 225 +0.11; DAX + 0.80; FTSE 100 +0.30; Dow 30 + 0.80)

According to the results of the outgoing day, the US dollar index broke the key resistance at 98.00 and aimed at the level of 98.20. Support for the American dollar had a general decline in the British pound in addition to optimism on trade agreements. This allowed the American dollar to resume the uptrend.

Fig. The US dollar index chart. Current price – 98.10 (10-year US government bonds yield – blue line)

Hanzenko Anton