Analysis of the past day

On Tuesday, the US currency continued to rise against its main competitors, updating the maximum at 95.70, after which it was under pressure of correction, which was caused by the expectation of the speech of US Federal Reserve Chairman Powell. The main driver for the growth of the US dollar was the risks caused by the decline in European stock indices.

Stock indices traded markedly below zero (Nikkei 225-0.07; DAX-0.50 FTSE 100 -0.20; Dow 30 +0.30) during the day. The reason for the growth of pessimism in the stock markets was the preservation of risks around the United States and China trade confrontation, which were intensified by fears in the eurozone.

The US dollar index  updated a maximum at 95.70 today, confirming the uptrend, but after correction under pressure returned to support at 95.50 and overloaded the overbought.

The US dollar index chart. The current price is 95.40 (10-year government bonds  yield is the blue line)

Hanzenko Anton