Analysis of the past week

The first week of October was very informative and eventful, but with all the saturation of the economic calendar, all the market’s attention was focused on US employment data (NFP). Despite all the optimistic expectations and forecasts, the data turned out to be very ambiguous and increased the pressure on the US currency.

The US dollar index at the same time closes the week in a significant plus, testing the psychological resistance of 96.00 and entrenched above 95.50 and indicating a full correction against the two-month decline in August and September, which gives grounds to maintain the upward trend in October.

The US dollar index H4 chart. The current price is 95.60 (10-year government bonds  yield is the blue line)

Hanzenko Anton