Analysis of the past day

On Wednesday, June 20, the US dollar index remained at the opening level of the day, like most major currency pairs. Such a restrained and ambiguous market dynamics was caused by the persistence of risks and the absence of significant drivers, and this is against the background of attempts to increase stock indices. The increase in volatility in the middle of the day was caused by the speeches of the heads of the Fed and the ECB, but had an insignificant and short-term effect.

Stock markets throughout the day traded above zero, which is due to correction after the decline and the weakening of risks, but this is not the reason for long-term growth (Nikkei 225 +1.20, DAX + 0.50, FTSE 100 +0.20, Dow 30 – 0.20).

The US dollar index is limited by resistance level 95.20, which does not cancel the safety of the uptrend, but can cause the formation of a flat near this level.

US dollar index Graph. The current price is 95.10 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton