Analysis of the past day

On Thursday, trading in the foreign exchange market took place in the mood of American dollar’s recovery after a decline. As a result, the British pound and the euro also came under pressure from the correction. Market attention continues to be focused on the third vote in the UK Parliament. This time the vote will be directed to the extension of the Brexit deadlines.

Stock exchanges were trading very restrained throughout the day, mostly above zero. In addition to the growth of pessimism in the market, pressure on stock exchanges was caused by weak data on China and data that the meeting of the leaders of the United States and China was postponed  (Nikkei 225 +0.04; DAX +0.10; FTSE 100 +0, 40; Dow 30 +0.00).

The US dollar index on the day retreated from the lows at 96.50-40 and moved to the correction after the decline. The overall downward trend in the American dollar continues to persist, despite attempts of correction, in fact being limited to resistance levels: 96.90 and 97.00.

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

Hanzenko Anton