Analysis of the past day

Friday trades in the foreign exchange market was multidirectional. It was caused by a change in sentiment regarding the American currency. So, Friday’s trading opened with a decrease in the American dollar due to reducing the trade confrontation between the United States and China. But amid a positive US employment report, market sentiment quickly changed, prompting a correction for American dollar.

Stock indices were mostly above zero for the day (Nikkei 225 + 2.63; DAX + 0.70; FTSE 100 + 0.05; Dow 30 -0.40). The exception was the American session, which was under pressure from the dollar’s growth.

The US dollar index closes at the opening of the day, updating at least at 96.00, while maintaining a downward trend, but limited to positive sentiment on the US labor market and levels of support: 96.00 and 95.70.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton