Analysis of the past week - Ester Holdings

Analysis of the past week

The past week was very informative and full of unplanned news. For example, during the week, data repeatedly aggravated the US and China trade confrontation, which, in turn, limited the growth of stock exchanges and increased negative sentiment in the market. Also, the US resorted to tightening sanctions against Iran, which became a positive signal for oil, but due to growing fears, it did not provide good support.

In addition, the US Federal Reserve continued to hint at tightening monetary policy, that provided support to the US dollar. The main support for the dollar was provided by data on the crisis in the banking sector of the eurozone on the collapse of the Turkish lira. This became another risk factor for the market and transferred the euro into a risky currency, providing support to the US dollar.

At the end of the week, the US dollar index overcame resistance at 95.60 and consolidated above the 96.00 psychology, confirming the safety of the general upward trend, which has recently slowed down.

The US dollar index H4 chart. The current price is 95.00 (10-year government bonds yield is a blue line)

Hanzenko Anton

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