Analysis of the past day

On Tuesday, trading in financial markets took place in the mood of investors running away from risks, which was caused by the collapse of stock indices, the decline in oil prices and the US state bonds profitability. As a result, at the end of the day, safe havon assets  the Japanese yen and gold received significant support.

The stock markets throughout the day remained the main driver for the growth of pessimism (Nikkei 225 -2.70; DAX -2.10; FTSE 100 -1.20; Dow 30 -1.50), which was caused by the consistently negative movement of all major stock indices sites.

The US dollar index at the end of the trading day fell against the basket of competitors, having updated at least at the level of 95.80, which was corrected after rising at the start of the week. The reason for the decline in the US dollar was the decline in the US state bonds yield. At the same time, this correction allowed unloading the overbought of the dollar, and the decline in the dollar turned out to be quite insignificant, unlike the state bonds. At the same time, the recovery of US bonds is likely will support the dollar.

The US dollar index chart. The current price is 96.00 (10-year government bonds yield is the blue line)

Hanzenko Anton