Analysis of the past day

At the opening of the new working week and month, a significant increase in optimism was observed in the market, which was due to an increase in manufacturing activity in China. It increased market optimism and increased demand for risky assets. It is also worth noting the continued optimism regarding the US-China trade talks.

Stock indices throughout the day remained optimistic on China data (Nikkei 225 +1.43; DAX +1.30; FTSE 100 +0.50; Dow 30 +0.90).

The US dollar index was traded lower against Friday during the day, but also showed multidirectional dynamics on weak the US data and oversold. As a result, a low of 97.00 was updated. In fact, the European session closes at the opening of the day, thereby indicating a sideways trend and a slowing of the uptrend. Support levels: 97.00 and 96.70, resistance: 97.40-50.

The US dollar index chart. Current price – 97.20 (10-year government bonds yield – blue line)

Hanzenko Anton