Analysis of the past day

On Tuesday, the US currency continued to weaken across the market spectrum, despite the new US duties on Chinese goods and China’s statement about response measures. During the day, the growth of the US dollar was traced only against the Japanese yen, which seemed under the pressure of growth in optimism in the stock exchanges.

Stock indices close mostly above zero (Nikkei 225 +1,44, DAX +0,30 FTSE 100 +0,05, Dow 30 +0,30), maintaining an optimistic mood in the market, despite the US and China trade confrontation .

The US dollar index against the basket of major competitors renewed the low of September at 94.30, thereby confirming the safety of the potential to decrease, but at the same time limited to oversold and rising US starte bonds yield. Resistance is located at the levels: 94.50-60 and 94.80, support: 94.30-20 and 94.00.

The US dollar index chart. The current price is 94.50 ( 10-year government bonds yield is a blue line)

Hanzenko Anton