Analysis of the past day

Trading on the foreign exchange market was multidirectional after the ambiguous dynamics of stock indices on Tuesday. Published statistics on eurozone GDP and inflation in Germany added the volatility of trading against the background of uncertainty moods. At the same time, commodity currencies received considerable support at ambiguous trading, that was caused by a general reduction in risks.

Stock indices traded ambiguously throughout the day due to lower European stock indices, which remained under pressure from political risks (Nikkei 225 +1.44; DAX -0.30; FTSE100 +0.30; Dow 30 +0.90).

At the end of the day, the dollar index also showed multidirectional dynamics, while updating the week and the last months highs at the level of 96.90. It confirmed the upward trend limited by the resistance levels of 97.00 and 97.20. Support is located at marks: 96.80 and 96.50.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

Hanzenko Anton