Analysis of the past day

On Monday, trading in the foreign exchange market took place in the mood of movement against Friday and the sale of US currency. The reason for the decline in the US dollar was the correction in the American dollar’s position while waiting for the US Federal Reserve meeting results, which will be published on Wednesday. Also, risks increased in the market, which were expressed by the moderate strengthening of safe haven assets and a decrease in stock indices. At the same time, commodity currencies remained very restrained.

Stock markets opened the week with restrained growth in the Asia-Pacific session, but in European and American trading sessions they moved into the negative zone (Nikkei 225 +0.67; DAX -0.80; FTSE 100 -1.00; Dow 30 -0.30 ).

The US dollar  index versus the basket of competitors on Monday was fully adjusted against Friday’s growth and updated a low at the level of 97.20, which confirmed keeping the upward trading channel and indicated the possibility of growth of the American dollar in the rebound from the lows. Significant support is located at levels: 97.20 and 97.00. Resistance marks are: 97.40-50 and 97.70.

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

Hanzenko Anton