Analysis of the past day - Ester Holdings

Analysis of the past day

On Wednesday, trading in most major currency pairs remained quite restrained. The exception was the British pound, which strengthened across the market at the failure of the next Brexit deal. Support for the British pound has the fact that, probably, the Parliament of Great Britain will not dare to go out with the EU without a deal and extend the terms of Brexit. In fact, this will indicate the possibility of canceling Brexit. The Canadian dollar strengthened against the US dollar on the data on US oil reserves and gold, which strengthened on maintaining uncertainty in the market.

The stock exchanges throughout the day traded in different directions, starting the day with a restrained negative, and by the end of the trading session of Wednesday was traded markedly above zero. The stock indices were supported by general optimism and the growth of raw materials (Nikkei 225-0.99; DAX + 0.40; FTSE 100 + 0.10; Dow 30 +0.70).

The US dollar index for the day updated a low at the level of 96.70, which was caused by weak US data, confirming the downward trend and strengthening the oversoldness of the American dollar against certain currencies. When the downtrend persists, the US dollar index is limited by oversold, which may cause a restrained correction.

The US dollar index chart. The current price is 96.70 (10-year government bonds  yield is the blue line)

Hanzenko Anton

Аналитическая рассылка

分析 交貨
签署每日早晨分析报告,首先了解最重要的市场活动!

Вы с украины?