Analysis of the past day

Wednesday was saturated with significant economic statistics, which affected the increase in volatility in the majority of major pairs. So, surges of volatility were traced in pairs with the New Zealand and Canadian dollars on the publication of inflation data in New Zealand and Canada. At the same time, the statistics for the UK and the Eurozone was taken very cool by the market. The overall dynamics was restrained in different directions, including the US dollar index.

Following the currency market, stock indices kept multidirectional dynamics, trading near the opening of the day, but retaining the general uptrend (Nikkei 225 +0.25; DAX + 0.60; FTSE 100 +0.10; Dow 30-0.00).

For most of the day, the US dollar index remained under the pressure from the correction after yesterday’s growth, thus returning to the psychological level of 97.00, maintaining the lateral dynamics. The overall trend in the US dollar index remains downward. Support levels: 96.80 and 96.60, resistances: 97.00 and 97.20.

Fig. The US dollar index chart. The current price is 97.00 (10-year government bonds yield  is the blue line)

Hanzenko Anton