Analysis of the past day

Trading on the foreign exchange market was very ambiguous on Thursday due to the risks associated with Brexit and the increase in risks on stock exchanges. Thus, the main factor in the growth of pessimism in the market was the uncertainty that arose in accepting Brexit conditions in the UK government, which actually split the already fragile British parliament, increasing the possibility of  British Prime Minister May resignation and heightening political risks, increasing pressure on the pound.

Stock exchanges close the day in the red on the growth of political risks and the US currency (Nikkei 225 -0.14; DAX -1.10; FTSE 100 -0.60; Dow 30 -1.00).

The US dollar index was supported by positive data on the US and generall decline in the pound. As a result, the dollar index closes the day with restrained growth against competitors, breaking the two-day downtrend. But the index is also limited to attempts to increase optimism in the market and resistance levels: 97.40-50 and 97.70, support: 97.00 and 96.80.

The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Hanzenko Anton