Analysis of the past day

On Wednesday, August 29, throughout the day there was a multidirectional dynamics, which was caused by a number of factors. Since the start of trading in the Asian session, and after and on the European tracked the dynamics of the strengthening of the US dollar, which was caused by the growth of pessimism in the market. But weak data on real estate sales in the US and Barnier’s statement changed sentiment against the US dollar.

Stock exchanges also traded differently throughout the day, which was caused by a change in sentiment on the market (Nikkei 225 +0.18, DAX +0.20 FTSE 100-0.80, Dow 30 +0.05).

The dollar index on the day’s results fended from the level of 95.00, which indicates the preservation of the downward trend in the dollar. In the end, you should expect a test of support levels: 94.50 and 94.30. Resistance marks are: 94.80 and 95.00.

The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)

Hanzenko Anton