Analysis of the past day

On Thursday, most major currencies showed multidirectional dynamics after the multidirectional trading. The main driver of market movement on this day were the ECB meeting results and the subsequent press conference.

Stock indises throughout the day also kept multidirectional dynamics on saving trading risks and correction attempts (Nikkei 225-0.01; DAX -0.30; FTSE 100 +0.50; Dow 30 +0.20)

At the end of the day, the US dollar index remained under the pressure, maintaining the downward dynamic of recent days. In fact, it was limited to the trading range from 96.80 to 97.30. This indicates a potential for decline, which may be limited by oversold.

Fig. The US dollar index chart. The current price is 96.90 (10-year US government bonds yield is the blue line)

Hanzenko Anton