The market remains concerned, despite the recovery of stock indices

Trades on major currency pairs are restrained negatively, despite the positive dynamics of stock indices of Europe and America. Throughout the day, the stock market indices are traded above zero, thus indicating a slowdown in the decline and a reduction in the risks associated with the stock exchanges. At the same time, there is some dynamics in the foreign exchange market of investors’ flight from risks, which is expressed by a restrained strengthening of the Japanese yen and the US dollar.

In the context of risk reduction in the stock market, the market slowed down to buy up assets of the safe haven, but uncertainty on the market persists. The limiting factor in further strengthening of the American is its overbought and lack of significant drivers. Also, the market continues to neatly exit from the safe assets, thereby causing a correction for more risky assets.

The US dollar index as a whole is limited to recent highs. In case of repulsion of the price from these levels will indicate the return of the American in the sideways trend.

Graph of the US dollar index. The current price is 89.70.

Hanzenko Anton