Analysis of the past day

On Thursday, at the end of the day, the main currency pairs were trading with a correction against yesterday’s dollar decline on the results of the US Federal Reserve meeting. Thus, the main driver of trading on Thursday was the recovering US dollar, which fully recovered against the euro and updated the weekly high against the Canadian dollar.

The recovery of the dollar and the negative dynamics of stock markets have increased the demand for safe assets, in particular, the euro. The British pound showed a strong decline due to disagreements between the UK and the EU over the terms of the Brexit delay (Nikkei 225 +0.12; DAX -1.40; FTSE 100 -0.10; Dow 30 -0.40).

The US dollar index fully adjusted against the basket of competitors, having regained all previously lost positions at the US Federal Reserve meeting, returning to the resistance level of 96.50, thereby indicating a slowing down of the downward trend. Resistance levels: 96.50 and 96.70, support: 96.20 and 96.00.

The US dollar index. The current price is 96.50 (10-year government bonds yield is the blue line)

Hanzenko Anton