Analysis of the past day

On Friday, the US dollar remained under the pressure according to the results of the day. Despite the general restraint of the market and negative sentiment on stock exchanges, the American dollar continued to weaken against the euro and commodity currencies, whose growth was limited by growing pessimism. The reason for market restraint, in addition to closing the trading week, was the expectation of a Saturday vote in the British Parliament on the Brexit deal. As a result, many market participants took a waiting position.

Stock indices have been trading below zero from the start of the day. It was caused by the publication of data indicating a slowdown in the Chinese economy. (Nikkei 225 +0.18; DAX +0.00; FTSE 100 -0.20; Dow 30 0.30)

The US dollar index closes the week lower, accelerating the downward trend and increasing oversold. The decline in the American remains limited by its overselling and support levels: 97.30 and 97.00.

Fig. US dollar index chart. Current price – 97.40 (10-year US government bonds yield – blue line)

Hanzenko Anton