Analysis of the past day

On Friday, the US dollar continued to weaken across the market, showing a significant decline against commodity currencies and the euro, but gaining ground against the Japanese yen. The main reason for the growth in demand for risky assets was the improvement of optimism in the market, which is caused by optimistic data on China’s trade balance.

Stocks close the day with an increase on overall optimism. The weekly dynamics of the main stock indices remains restrained negative (Nikkei 225 +0.73; DAX + 0.50; FTSE 100 +0.20; Dow 30 +0.70).

The US dollar index closes trading on Friday and the week near monthly lows at 96.80, indicating that the downward dynamic remains, but limited to oversold. Support levels: 96.80 and 96.60, resistances: 97.00 and 97.20.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

Hanzenko Anton