Analysis of the past day

On Wednesday, August 22, the US dollar index renewed the minimum of the last two weeks against the main competitors, which was caused by the resumption of political risks in the US due to Trump’s accusations and information that the NAFTA trade agreement was never reached.

Stock exchanges throughout the day were mostly above zero, supported by optimistic expectations regarding the US and China trade negotiations  (Nikkei 225 +0.58, DAX +0.00, FTSE 100 +0.15, Dow 30 -0.10).

As a result, the US dollar index again updated the minimum at 95.00, confirming the safety of the downward trend, and opening the way to support levels: 94.80-70.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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1. Stock indices : Asia-Pacific region
2. Collapse of the Turkish lira. A threat to the market!
3. Medium-term prospects for the US dollar for August-September

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!