Analysis of the past day

On Tuesday, April 24, the US dollar continued to trade in a sideways trend throughout the day, which was caused by the overbought of the American, despite positive US data.

Stock indices also traded differently throughout the day, despite positive data on corporate reporting in the US (Nikkei 225 + 0.86 DAX-0.70, FTSE 100 +0.10, Dow 30 -0.30). At the same time, optimism on the market continues to persist, as evidenced by the rise in prices for raw materials and a decrease in the demand for safe assets, in particular for the yen.

In conditions of restrained correction of the American throughout the day and the resumption of growth in the yield of the US state bonds, one should expect the resumption of the uptrend on the American, which is also indicated by the safety of the rising channel.

Graph of the US dollar index. The current price is 90.90 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton