Analysis of the past day

At the end of Thursday, the US dollar updated the week’s low (96.70) on maintaining negative sentiment. But overbought and the growth of applications for unemployment benefits in the US caused the correction of the US currency. In addition to the US dollar, the British pound showed significant multidirectional dynamics, which initially weakened on the Bank of England meeting results, but recovered afterwards.

Stock exhanges continued to grow throughout the day, remaining under pressure from pessimism (Nikkei 225-0.59; DAX -2.00; FTSE 100 -0.40; Dow 30 -0.40).

The US dollar index, after the rebound from the resistance of 96.70, has moved to the correction, but so far maintains the upward trend of the current week. Significant support settled at levels: 96.50 and 96.20, fixing the American dollar below which may indicate a more significant correction.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Hanzenko Anton