Analysis of the past day

On Monday, July 23, the US currency restrained steadily against the main basket of competitors, which was due to technical correction after Friday’s collapse. At the same time, the risks regarding the growth of protectionism in the US remain, as are concerns about a change in the policy of the Fed on monetary policy.

Stock exchanges throughout the day were traded in different directions, against the background of market ambiguity (Nikkei 225 -1.33, DAX -0.20, FTSE 100 -0.30, Dow 30 -0.15). The exception was oil, which received support from optimistic comments by the Saudi Arabian representative, who said that the country wouldn’t rush to increase oil production.

At the end of the day, the dollar index closes the day below resistance at 94.60, which was also caused by a weak real estate report in the US. At the same time, the government’s profitability deserves considerable attention. US bonds, which may indicate the resumption of the decline of the American dollar.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Hanzenko Anton