Analysis of the past day

On Monday, at the opening of the new trading week it was a movement against Friday. It increased the pressure on the US currency. The reason for this movement was the growth of investors’ interest to risks and more profitable assets. As a result, the American dollar and safe haven currency – the yen noticeably slipped at the start of the day. But the publication of weak statistics on Germany and the oversoldness of the American dollar caused a restrained movement to strengthen the dollar.

Stock indices were traded throughout the day with a strengthening, helped by a rise in optimism (Nikkei 225 + 0.69; DAX +1,50; FTSE 100 +1,10; Dow 30 +1,40).

The US dollar index for the day updated a a low at the level of 96.70-60, but kept general upward dynamics, which indicates the potential for the formation of an uptrend. Resistance levels are located at the levels: 97.00 and 97.20.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

Hanzenko Anton