Analysis of the past day

On Monday, the US currency accelerated growth across the market. Reducing the risks around the possible the US government shutdown was the reason for the overall strengthening of the American dollar. It was due to the meeting of representatives of Democrats and Republicans of the US government with the intentions to reach an agreement. Also during the day, the dollar was supported by rumors that the US-China trade talks would take place no earlier than the meeting in March, prompting a general increase in market optimism.

Stock indices opened the week with growth mainly due to the very positive start of China’s stock indices (Nikkei 225 -; DAX +0.90; FTSE 100 +0.80; Dow 30-0.00).

The US dollar index updated a high at 97.05 during the day, indicating the controversy of the upward trend on the American dollar, but also turned out to be limited overbought and the expectation of correction. Resistance levels are: 97.00 and 97.20, support: 96.80-70 and 96.50.

The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)

Hanzenko Anton