State of the market: the American remains in the flat

On Thursday, the US dollar index remains near the monthly highs, continuing to receive support from the growth of the US state bonds, which were fixed above the level of 3%, thereby increasing pressure on the stock indices, and in particular the euro and the yen. Also, the market is gradually shifting attention to the results of the ECB meeting, which will be released today. This can also increase pressure on the euro against the backdrop of negative expectations.

The dollar index is still in an upward trend, limited to overbought and the lack of new drivers, but maintaining the potential for growth.

Hanzenko Anton