Analysis of the past day

On Thursday, June 14, the US dollar strengthened across the spectrum of the market on a total sale of the euro, after the ECB published plans to wind down the stimulus program in the euro area. As a consequence, the market was completely disappointed in the euro, switching to the dollar and assets of the safe harbor. As a result,  the yen, franc and gold also received the support.

Stock markets also received a noticeable boost to the growth in euro sales and the flight of investors from risks. At the same time, the strengthening of stock indices remains limited due to risks associated with trade confrontation and a decrease in the cost of raw materials (Nikkei 225 -0.99, DAX +1.60, FTSE 100 + 0.80, Dow 30 +0.00).

The dollar index against the basket of major competitors has updated the current month’s high on extremely high volatility, limited to the level of 94.60. In conditions of overbought American dollar and profit-taking, we expect correction to support levels: 94.20 and 94.00.

US dollar index Graph. Current price – 94.30

Hanzenko Anton