Analysis of the past day

On Wednesday, July 25, trading were going with a decrease for the dollar across the market spectrum. At the end of the day, the American dollar managed to win back a significant part of the lost positions on the data from the Trump administration representatives expecting the introduction of tariffs for cars this year, which provoked a decline of the euro in most of the currencies. It is also worth noting that the weakness of the euro is due to the expectation of the upcoming results of the ECB meeting.

Stock exchanges traded mostly below zero to preserve risks and fears of a tougher trade confrontation between the US and the EU (Nikkei 225 +0.40, DAX -1.10, FTSE 100-0.80, Dow 30 -0.45).

The US dollar index upped yesterday’s low, thereby indicating a propensity to decline. But on the general weakness of the euro, the American dollar index recovered to the level of the opening day, limited to resistance 94.60 and 94.80. Support levels: 94.40 and 94.20.

The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)

Hanzenko Anton