Analysis of the past day

On Tuesday, based on the results of trading on the market, a correction is being formed against Monday. This resulted in a sale of the US dollar and the safe haven currencies. The reason for this was the reduction of fears regarding the growing deficit in the oil market and, as a result, the decrease in the cost of major oil brands.

Stock indices were traded in the red zone throughout the day, despite the decline in oil prices. This caused a decrease in pessimism by the end of the day. (Nikkei 225 +0.06; DAX -0.10; FTSE 100 -0.30; Dow 30 -0.20)

The US dollar index closes the day with a significant decrease in correction against Monday, updating the low at 98.40, having found itself in significant oversold and limited to support: 98.30-20.

Fig. US dollar index chart. Current price – 98.40 (10-year US government bonds yield – blue line)

Hanzenko Anton