Analysis of the past day - Ester Holdings

Analysis of the past day

On Thursday, May 31, the US dollar showed mixed dynamics against major competitors, which was caused by a change in the sentiments in the market and correction of the position on the American before tomorrow’s report on employment in the US. The significant growth of the US dollar was traced against the Canadian currency against the background of weak data on Canada’s GDP, which allowed the American to significantly adjust after yesterday’s decline. Relative to European currencies, the American has weakened, but then returned the lost positions to a change in sentiment in the market. The decrease in the US dollar was traced against the safe haven currencies, which is due to flight from risks.

Stock exchanges showed mixed dynamics following the change in sentiment in the market (Nikkei 225 +0.83, DAX -1.70, FTSE 100 -0.40, Dow 30 -1.00). Oil opposite strengthened throughout the day, but after came under pressure of correction.

The US dollar index on the day’s results has updated a minimum of a week and formed a bottom at the support level of 93.80. Resistance levels remain significant resistance to the recovery of the uptrend: 94.20 and 94.40-50.

Graph of the US dollar index. The current price is 94.10 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton

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