Analysis of the past day - Ester Holdings

Analysis of the past day

On Wednesday, the US currency strengthened steadily against the basket of major competitors on the expectation of the US Federal Reserve rate hike at the September meeting to 2.25%, that caused the growth of optimism and the US dollar index updated a week-high. But from the forthcoming meeting of the US Federal Reserve, the market also expects comments on further rate hikes in the US, which is a limiting factor for the market.

Stock indices are mostly above zero at the end of the day, indicating that the market remains optimistic, but also limited by some uncertainty (Nikkei 225 +0.36, DAX + 0.05 FTSE 100 +0.05, Dow 30 +0.20).

The dollar index is trading near resistance levels at 94.30-40, limited to the expectations of the US Federal Reserve meeting results. The general downward trend in the US dollar index maintained as well as the trading range from 94.50 to 94.00 .

The US dollar index chart. The current price is 94.30 (10-year government bonds yield is a blue line)

Hanzenko Anton

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