Analysis of the past day

On Wednesday, trading throughout the day remained restrained and limited attempts to correction against the US dollar. The main part was concentrated in the morning and was associated with a weakening growth in stock indices and a decrease in optimism around the trade agreement between the US and China.

Stock indices were traded in different directions throughout the day, increasing uncertainty (Nikkei 225 +0.22; DAX +0.20; FTSE 100 +0.10; Dow 30 +0.00)

According to the results of the day, the US dollar index was restrained against the basket of competitors, updating the low at 97.80. This can be regarded as a correction before the next assault on the psychological mark: 98.00. Its breaking will indicate the preservation of upward dynamics.

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

Hanzenko Anton