Analysis of the past day

On Wednesday, trading on the foreign exchange market was mixed, remaining at the mercy of ambiguous moods and risks. Market attention throughout the day remained chained to the US-China trade relations, which, despite the agreements, remain very tense. Risks around ambiguous trade relations became the reason for such multidirectional trading on Wednesday. An additional risk factor remains the UK litigation, which increases the risks around Brexit.

Stock indices traded mostly below zero during the day, which was caused by growing doubts that the United States and China would find a trade-off (Nikkei 225-0.53; DAX -1.00; FTSE 100 -1.10; Dow 30 – -).

At the end of the day, the US dollar index maintains an upward dynamic, despite multidirectional trading, updating the current week high on increased risks and pointing to the upward trend safety, limited to resistance levels: 97.20 and 97.50, support is located at 97.00 and 96.80.

The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Hanzenko Anton