Analysis of the past day

Towards the closure of the trading week, the US dollar accelerated its decline against a basket of competitors. The reason for this was the technical correction of positions at the end of the week and the growth of pessimism regarding the US – China trade agreement. At the same time, the general market sentiment remained restrained positive, supporting risky assets.

Stock markets close the week with restrained growth, increasing pressure on safe haven assets and the US dollar. (Nikkei 225 +0.70; DAX +0.20; FTSE 100 -0.00; Dow 30 +0.40)

The US dollar index closes the week with significant oversold around 98.00. This indicates the possibility of forming a movement against Friday at the opening of a new trading week. Significant support are marks: 97.90 and 97.80, resistance: 98.20 and 98.30.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Hanzenko Anton