Analysis of the past day

On Wednesday, restrained dynamics in the foreign exchange market continued throughout the day. The reason for the uncertainty of the market was pessimistic sentiment and the expectation of drivers for movement. In the conditions of restrained trading, commodity currencies stood out, which received support from the growth of optimism and, in particular, the Canadian dollar on inflation data. General dynamics of raw materials remained restrained due to uncertainty.

Stock indices opened the day in different directions on uncertainties and risks, but in the afternoon they moved to growth renewing optimism. (Nikkei 225 -0.33; DAX +1.20; FTSE 100 +1.00; Dow 30 +1.00)

During the day, the US dollar index was traded in different directions in the lateral range from 98.10 to 98.30. By this, he slowed down the uptrend for the American dollar, but was also limited in decline. Support levels: 98.20 and 98.00, resistance: 98.40-50.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Hanzenko Anton