Analysis of the past day - Ester Holdings

Analysis of the past day

On Monday, August 13, the US dollar renewed the annual maximum against most competitors, but after it was under pressure of correction, which was caused by the correction of the euro and a reduction in risks. The single currency has strengthened against the main competitors on the technical correction and the growth of optimism in the market.

Stock exchanges throughout the day were traded in different directions, which was caused by a change in sentiment in the market (Nikkei 225 -1.98, DAX -0.40, FTSE 100 -0.30, Dow 30 +0.10). Thus, the positive start of the US stock markets pointed to a reduction in risks and a decrease in the demand for safe harbor currencies.

The US dollar index throughout the day demonstrated multidirectional dynamics caused by a change in sentiment in the market. As a result, the dollar index came under pressure of correction and is limited to support levels: 96.20 and 96.00. A significant resistance continues to be the mark of 96.50.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is a blue line)

Hanzenko Anton

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