Analysis of the past day

On Tuesday, trading in the foreign exchange market, as well as in the market in general, turned out to be multidirectional, maintaining ambiguous moods and a very high degree of nervousness. So, throughout the day there was an increase in pessimism, which was expressed by a moderate decrease in stock indices in Asia and Europe. The growth of stock indices in America has become a pretext for breaking the movement in the market and returning investors to risky assets, or rather to selling the American dollar. As a result, the day, like yesterday, turned out to be multidirectional, according to the results of which the US dollar index updated the maximum of the current week at the level of 96.10.

The stock exchanges traded with a moderate decline since the start of the day, but by the close of trading in Europe, they moved to growth,  providing support to risky assets (Nikkei 225 -1.34; DAX + 0.30 FTSE 100 +0.10; Dow 30 +0.10 ).

The dollar index updated a maximum of two months at the level of 96.10 during the day, but  came back below psychology 96.00 due to the growth of optimism, the decline in the US state bonds yield and correction. It indicates the possibility of a test of the support level of 95.70-60. The overall upward trend in the dollar persists, although it slowed down growth significantly.

The US dollar index chart. The current price is 95.80 (10-year government bonds yield is the blue line)

Hanzenko Anton