Analysis of the past day

As a result of Wednesday’s trading day, the US dollar strengthened against a basket of major competitors, despite a rapid downward correction. The reason for the growth of the American dollar was the possibility of exacerbating trade tension between the United States and China. It has also increased the demand for safe haven assets.

Stock indices have come under significant pressure due to the risks of an exacerbation of the trade war and the existing trade uncertainty. (Nikkei 225 -0.62; DAX -0.40; FTSE 100 -0.70; Dow 30 -0.30)

The US dollar indexr ebounded from the support of 97.80 despite the multidirectional dynamics, having formed an upward reversal, which is limited by the resistance of 98.00-10. In the future, this may indicate the resumption of upward dynamics.

Fig. The US dollar index chart. Current price – 98.00 (10-year US government bonds yield – blue line)

Hanzenko Anton