Analysis of the past day

On Tuesday, July 10, the US dollar retained the optimistic mood of the end of Monday and continued to rise against the basket of major competitors. Technical correction and weak statistics for the euro area and the UK continued to provide support for the American dollar .

Stock indices also slowed growth on the ambiguous inflation statistics in China, but at the same time maintained a common uptrend (Nikkei 225 + 0.77, DAX +0.45, FTSE 100 +0.10, Dow 30 + 0.60), the most pointing to the possibility of reducing the dollar on the return of the market to more profitable assets.

After a day’s growth, the US dollar index is limited by resistance level 94.40-50, from which a correction is traced. Also, the American dollar was supported by data on open vacancies in the US, but this news is not enough to overcome the existing resistance. While the market remains in the phase of correction of the dollar and some uncertainty regarding the safety of the trend.

The US dollar index chart. The current price is 94.20 (10-year government bonds yield is a blue line)

Hanzenko Anton