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Analysis of the past day
On Thursday, trading on the foreign exchange market was multidirectional. Against the background of a general strengthening of the US dollar, the euro stood out, which was dependent largely on the ECB meeting results. In addition to the fact that the ECB actually left key interest rates unchanged and provided restrained stimulus measures, during the press conference there were no hints about a significant boost to the eurozone economy, which the market expected.
Starting from the European trading session, stock indices were trading down with the risks of a slowdown in the global economy and the strengthening of the US dollar. (Nikkei 225 + 0.19; DAX -1.20; FTSE 100-0.00; Dow 30-0.30)
The US dollar index was traded in different directions throughout the day due to the dynamics of the euro, updating the high at 97.90 and indicating the potential for growth. But the test of support 97.50 and the overbought of an American dollar across the market can speak about the possibility of flat formation.
Fig. The US dollar index chart. The current price is 97.60 (10-year US government bonds yield is the blue line)
Hanzenko Anton