Analysis of the past day

Trading on Monday was held in the mood for a moderate correction against Friday. So, according to the results of the day a restrained recovery of the US dollar against Friday’s collapse was observed for most major currency pairs. As a result, the main currency pairs renewed the movement against Friday partially or completely.

Stock indices were traded in different directions throughout the day, opening the day well below zero. They resumed growth towards the close of the day. The reason for this was more soft rhetoric of the US president towards China. (Nikkei 225 -2.10; DAX -0.00; FTSE 100 -0.50; Dow 30 + 0.50)

The US dollar index corrected significantly by the end of the day, updating the daily high at 98.00. This actually corresponds to half recovery from Friday’s collapse. But the risks of stimulating the US economy and aggravation of the US-China trade relations remain. In the future, this can slow down the recovery and cause the formation of lateral dynamics. Resistance levels: 98.00 and 98.20, support: 97.80 and 97.50.

Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

Hanzenko Anton