Analysis of the past day

Trading in major currency pairs was held with restraint on Thursday, because of the expectation of the US Federal Reserve meeting results, which will be released at the end of the day at the American session.

Read: Expectations from the US Federal Reserve protocol.

An ambiguous dynamics of global stock indices was an additional deterrent to the market.

Stock indices were traded in different directions throughout the day because of the expectations of the Fed protocol and political uncertainty that arose after the mid-term elections in the US (Nikkei 225 +1.83; DAX -0.40; FTSE 100 +0.30; Dow 30 +0.810) .

The US dollar index remained in the lateral range from 96.10 to 96.40 during the day, waiting for the publication of the US Federal Reserve protocol. At the same time, optimism about the American dollar remains significant, despite the fact that Republicans have shifted their positions. The dollar optimism is expressed by a slowdown in the downtrend and  possible formation of a reversal.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)

Hanzenko Anton