Analysis of the past day

On Thursday, trading on the foreign exchange market was in the mood for selling the euro and strengthening the US dollar. The reason for this was the comments of the ECB President M. Draghi, which caused the decline of the euro across the market. This event was the main driver for the movement in moderate trading on Thursday.

Stock exchanges at the end of the day were traded in different directions (Nikkei 225 +0.95; DAX + 0.00; FTSE 100 +0.00; Dow 30 +0.20). Thus, since the beginning of the day, growth of optimism has been traced, which, closer to the middle, has noticeably decreased and caused a restrained correction on the stock markets after the growth.

On Thursday, the dollar index significantly strengthened against the basket of its main competitors due to the euro sale, which confirmed keeping the uptrend for the American dollar but it is limited to overbought and resistance levels: 97.30 and 97.50.

The US dollar index chart. Current price – 97.20 (10-year government bonds yield – blue line)

Hanzenko Anton