Analysis of the past day

On Tuesday, the market traced mixed trends. In the morning, the US dollar kept onslaught on its main competitors, receiving support from optimism and risk reduction. But  pessimism regarding the American dollar resumed on the publication of weak data on the index of business activity in the manufacturing sector (PMI) of the United States. In addition to the dollar, the British pound was under the pressure due to the exacerbation of political risks in the UK.

Stock indices accelerated the decline on exacerbating the risks associated with weak US data. (Nikkei 225 +0.59; DAX -1.00; FTSE 100 -0.60; Dow 30 -0.50)

The US dollar index closes the day at the opening of the day level after updating the high at 99.60. The growth of market pessimism and weak US PMI data strengthened the correction of the American dollar. The US dollar index has maintained an uptrend, despite the correction, limited by support levels: 99.40 and 99.20, resistance is located at 99.70 and 99.80.

Fig. US dollar index chart. Current price – 99.40 (10-year US government bonds yield – blue line)

Hanzenko Anton