Analysis of the past day

Dynamics of the market on Thursday was aimed at the continuation of the US currency sales after yesterday’s collapse in the soft rhetoric of the US Federal Reserve. Despite the significant oversoldness of the American dollar, which partially limited the dollar’s decline, the US currency has updated a low at the level of 95.15. Additional driver for the sale of the American dollar became weak expectations for the employment market before the Friday jobs report in the US.

At the end of the day, the stock markets were mixed in different directions on market restraint and dollar ambiguity (Nikkei 225 +1.06 DAX -0.50; FTSE 100 +0.20; Dow 30 -0.20).

The US dollar index for the day was trading in a flat with a low’s update, which actually made an attempt to correct against yesterday’s decline. The downward trend in the American dollar remains limited to resistance levels: 95.50 and 95.70, support: 95.30 and 95.00.

The US dollar index chart. The current price is 95.40 10-year government bonds  yield is the blue line)

Hanzenko Anton