Fundamental analytics

USD dollar index is trying to gain a foothold in the zone of 95 pints

In the middle of the week, global stock markets retain a relatively positive sentiment; as US dollar is trading near the annual highs, the yield of US 10-year bonds yesterday tried to return to 3% level. On this background, most of the major currencies are trading under pressure in FOREX market, gold has fallen into the zone of annual lows, the price level around 1200-1205, Brent crude trades steadily in the range of 74.60-74.80 dollars per barrel.

The resumption of growth in yields and continuing concerns about the impact of the trade conflict between the US and China continue to constrain the growth momentum for equity markets - Asia today displayed a negative trend. Futures for US indices in a symbolic plus, while the European stock markets are traded under pressure.

In the middle of the week all attention in the foreign exchange market is now focuses upon US dollar. Will the dollar have enough forces and drivers to get out of the consolidation. The last few trading sessions, the dollar index is trading near the marks 94.90-95 and looks like bulls accumulate the volume. Let's see how events will develop further.