Analysis of the past day

On Wednesday, May 9, the US dollar closes the day with a slight decline after the annual maximum update. The decline of the American was caused by the technical correction and weak statistics on the United States. At the same time, the American remained largely in oversold zone, as did the US state bond after growth. Therefore, this decline is a technical factor.

Stock platforms throughout the day showed a mixed-multidirectional dynamics (Nikkei 225 -0.44, DAX +1.10, FTSE 100 +0.10, Dow 30 +0.15). Oil today traded with a very volatile dynamics, receiving support from the severance of the agreement on Iran and data on the reduction of oil reserves in the US.

The dollar index, despite the correction phase, remains in an uptrend, limited to support levels: 93.00 and 92.80. This correction can serve to unload the overbought of the American and expand the trading range.

Hanzenko Anton