Analysis of the past day

On Thursday, trading throughout the day was very volatile, which was due to the publication of significant news and the closing of the calendar month. So, at the end of the day, the main currency pairs were traded in different directions. A striking example was the EUR/USD pair, that from the start of the day has grown on the growth of pessimism and general negative sentiment. After the pair was under pressure for correction of the American dollar, which received support from positive data on the United States.

Stock markets throughout the day were traded in different directions, preserving the negative sentiment that persists amid a slowdown in the US  – China trade talks. The commodity currencies were under pressure following the decline in stock indices (Nikkei 225 -0.79; DAX +0.10; FTSE 100 -0.40; Dow 30 -0.20).

At the end of the day, the US dollar index showed a mixed trend following the market sentiment. At the end of the day, the American dollar updated a low at the level of 95.80, indicating a downward trend. But the rapid growth of optimism caused a correction and zeroing of the maximum at around 96.30. The US dollar index continues to maintain its potential for decline despite the attempts of growth.

The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the blue line)

Hanzenko Anton