Analysis of the past day

On Thursday,  multidirectional dynamics was traced on the market throughout the day. The reason for the ambiguous mood of the market was the downward dynamics of the British pound, the strengthening of the US currency and the divergence of stock indices. The British pound remains under the pressure due to the lack of a Brexit deal, which noticeably increased the pressure on the British pound against the background of the expiration of the main transition period. The US dollar received support against most competitors on very positive data on the US GDP. Its strengthening was limited by overbought and rising negative market sentiment.

Stock markets throughout the day were traded in different directions, reflecting ambiguous market sentiment. So, after attempts to grow, European stock indices returned to decline on the negative opening of American stock exchanges (Nikkei 225 -1.61; DAX +0.10; FTSE 100 +0.60; Dow 30 -0.10).

At the end of the day, the US dollar index closes with growth, updating the high at 97.30, which was caused by a temporary decrease in risks and support from the US data. As a result, the American dollar was in significant overbought. Support settled at 97.10-00.

The US dollar index chart. Current price – 97.20 (10-year government bonds  yield – blue line)

Hanzenko Anton