Analysis of the past day

On Friday, February 23, the US dollar index, after a short increase at the beginning of the day, was corrected and moved to flat. The decrease in optimism in the US currency was caused by the decline in yields of the US state bonds and a correction caused by the overbought of the American. As a result, after the deviation from the weekly highs, the US dollar went into the correction phase.

Stock exchanges throughout the day showed restrained positive dynamics. So, the Asian session closed with growth, but despite this, the European stock markets opened with a decrease in the resumption of risks (Nikkei 225 +0.72, DAX +0.15, FTSE 100 -0.30, Dow 30 + 0.50). In turn, trading on Wall Street was very optimistic, despite the restraint of the American and the decline in yields of the US state bonds.

The restrained movement of the US currency near significant levels of resistance may indicate an uncertainty of the market, which in the future may cause a resumption of the American decline.

Graph of the US dollar index. The current price is 89.80.

Hanzenko Anton