State of the market: the American continues to grow on the support of the state bonds

Throughout the day, the US dollar continues to restrainedly strengthen against the main competitors, which is caused by the growth of the yield of the US state bonds. So, on Wednesday 10-year-old US bonds renewed a maximum of four years, breaking the 3% mark, which increased pressure on the stock indices, thereby confirming negative expectations about risky assets. This also affected the commodity assets and currencies.

The US dollar index, in its turn, remains in an upward trend, limited to the level of overbought and resistance levels at 91.20. In the conditions of the transfer of assets to the state bonds, the American will continue to receive support, which will open the way to resistance 91.40-50.

Graph of the US dollar index. The current price is 91.10 (the yield of 10-year government bonds is a blue line).

Hanzenko Anton