Analysis of the past day

On Tuesday, February 27, the US dollar strengthened across the entire spectrum of the market on optimistic comments from the head of the Federal Reserve and data on consumer confidence in the US. As a result, the US currency renewed the maximum of February against the basket of world currencies and renewed hopes for the development of “double bottom” figure.

Stock markets in Europe and the United States also found themselves under pressure of growth in optimism about the US economy and growth in the profitability of the US bonds (Nikkei 225 +1.07, DAX -0.20, FTSE 100 +0.00, Dow 30 +0.10). In turn, the decline in stock indices is more corrective in nature than escape from risks.

With the growth of optimism in the US economy and currency, the US dollar index continues to be limited to 90.50, the consolidation of the index above which will indicate the development of the “double bottom” figure.

Graph of the US dollar index. The current price is 90.30.

Hanzenko Anton