Analysis of the past day

On Thursday, August 2, trading in the foreign exchange market was very volatile, which was supported by the rising dynamics of the US currency and publication of the results of the Bank of England meeting. The opposite direction of the British pound was caused by the negative comments of the head of the Bank of England Carney, who expressed concern about the growth of inflation and trade uncertainty, which, despite the optimistic tone of the protocol, caused the collapse of the British pound.

Stock indices throughout the day traded downward, confining themselves to the risks surrounding the trade confrontation between the US and China (Nikkei 225 -1.10, DAX -1.40, FTSE 100 -1.00, Dow 30 -0.40).

The dollar index at the end of the day closes near the psychology of 95.00, limited to the possibility of correction after growth on the waiting for data on employment in the US. On the other hand, the update of the two-week high indicates the formation of an upward trend for the American dollar.

The US dollar index chart. The current price is 94.90 (10-year government bonds yield is a blue line)

Hanzenko Anton