Analysis of the past day

On Monday, May 5, the US currency updated the current year’s high against the basket of major currencies, thereby closely approaching psychology at 93.00. This pair could not overcome this mark on technical correction and overbought of the US dollar.

Stock indices throughout the day supported the US currency, showing steady growth after the weekend (Nikkei 225 -0.3; DAX + 0.80; FTSE 100 —; Dow 30 +0.40). Support for stock indices is provided by the optimistic esntiments of the market and positive dynamics of oil.

The US dollar index is limited by the trade channel from 93.00 to 92.80-60, in which correction is possible with further strengthening, as indicated by the safety of the uptrend of the American.

Graph of the US dollar index. The current price is 92.80 (the profitability of 10-year government bonds is a blue line)

Hanzenko Anton