Analysis of the past day - Ester Holdings

Analysis of the past day

On Monday, negative sentiment remained in the market contributing to the strengthening of safe assets in the context of the persistence of trading risks. Due to the exacerbation of global trade risks, the US dollar remained under significant pressure, which resumed its decline after short attempts at correction. Weak data on business activity in the United States became an additional factor to the weakening of the American dollar. Also on Monday trading, the British pound was under considerable pressure after D. Trump supported the tough Brexit for the UK.

Stock indices throughout the day were traded in different directions, retaining attempts to strengthen on correction, positive data on China and attempts to correct. At the same time, in fact, without receiving significant support for meaningful growth due to risk retention. (Nikkei 225-0.92; DAX +0.10; FTSE 100 +0.20; Dow 30 +0.20)

The US dollar index on the basis of the opening of the week updated the high at 97.80, corrected after Friday’s decline, but failed to consolidate the profit and resumed the decline, updating a low at the level of 97.50. With this, it confirmed the downward trend in the US dollar, actually opening the way to support levels: 97.40 and 97.50, but limited to oversold.

Fig. The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

Hanzenko Anton

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