Analysis of the past day

On Monday, July 4, the US currency remained under pressure across the entire spectrum of the market, which was due to the continued optimism in the market and the correction of the American. An additional factor in reduction of the US dollar was the formation of a correction against the US dollar.

Stock indices throughout the day traded with strengthening on optimistic sentiment, thereby contributing to the growth of risky assets (Nikkei 225 +1.37 DAX +0.30, FTSE 100 +0.40, Dow 30 + 0.80). Despite the optimistic mood, oil remained under pressure of the risk of increasing production.

Thus, the US dollar index has updated the minimum of the month at the level of 93.70 and on correction has returned to the psychology of 94.00, thereby indicating the possibility of reduction and limited to support levels: 94.00 and 93.80-60.

Graph of the US dollar index. The current price is 94.00 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton