Analysis of the past day

On Tuesday a multidirectional dynamics was observed according to the results of trading on the market. The dynamics was caused by a sharp change in market sentiment due to statements by the US Trade Representation and the Department of Commerce of the People’s Republic of China. They announced a decrease in the list of goods that are a subject to duties, and the number of early trade negotiations. To a large extent, this reduced the risks of a trade war, and returned optimism to the market.

Against the background of a sharp increase in optimism, stock indices in Europe and America showed a significant growth. Despite the fact that from the start of the day they have been trading in the red zone. (Nikkei 225 -1.26; DAX + 0.80; FTSE100 +0.40; Dow 30 +1.70)

The dollar index on data on the US – China trade talks and the reduction in the risks of a trade war accelerated growth against a basket of competitors. As a result, it updated the high at 97.80, confirming keeping the multi-day side channel. General dynamics of the American dollar and the market as a whole continued to remain limited to flat.

Fig. The US dollar index chart. Current price – 97.70 (10-year US government bonds yield – blue line)

Hanzenko Anton