Analysis of the past day

On Monday, trading in the foreign exchange market was very restrained, which was caused by the absence of significant drivers and the general restraint of the market after the weekend. The dynamics of the American currency against the basket of major competitors also remained very restrained and multidirectional.

The stock markets were trading mostly in positive territory on Monday, but were also limited by market restraint (Nikkei 225 + 0.62; DAX-0.30; FTSE 100 + 0.90; Dow 30 -0.10). Positively restrained dynamics of the indices had a positive impact on commodity assets.

The US dollar index has updated a low at the level of 96.40, but corrected after it and returned to the level of the opening of the day. Updating a low and low-key correction indicate keeping the downward trend in the American dollar, which in the future opens the way to the support level of 96.20. Resistance is located at the level of 96.60-70.

The US dollar index chart. The current price is 96.60 (10-year government bonds  yield is the blue line)

Hanzenko Anton