Analysis of the past day

On Tuesday, the market showed a decrease in the risks of a trade war, which was associated with the stabilization of the CNY. Against this background, risky assets and the US dollar received support, which retreated from weekly lows against a basket of competitors.

Stock indices opened the day with negative dynamics, but closer to the European trading session they moved into the specified zone on general optimism. By the end of the day, optimism in the market slowed on the persistence of concerns. (Nikkei 225 -0.65; DAX -0.70; FTSE 100 -0.70; Dow 30 +0.30)

The US dollar index closes the day with an increase in rebound from the level of 97.20. This indicates the formation of a correction after a long decline. But at the same time, the further strengthening of the American dollar is limited by risks and a zone of resistance: 97.70-80.

Fig. The US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Hanzenko Anton