Analysis of the past day

On Monday, the main dynamics of the market was aimed at the movement against Friday, which was traced at the Asia-Pacific trading session. Further sale of the American dollar was caused by negative sentiment on the stock exchanges and political risks in the United States. Also a possible driver for a decline in the US dollar was the expectation of the ECB meeting, which is expected to signal the positive dynamics of the eurozone economy.

From the start of the week, stock exchanges traded lower, remaining under the pressure amid fundamental factors and geopolitical risks (Nikkei 225 -0.21; DAX -0.40; FTSE 100 +0.00; Dow 30 -0.40).

The US dollar index this day returned to the lows of the previous week at the level of 97.00, which is a significant support. From this level in conditions of oversold of the American dollar it is expecteda rebound with a correction against the decline. Support levels: 97.00 and 96.80, resistance: 97.10-20.

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

Hanzenko Anton