Analysis of the past day

At the end of Friday, trading in the main currency pairs closed with a strengthening against the US currency, which was caused by comments of the US Fed representative  Clarida. As a result, optimism has sharply declined regarding the further increase in US rates, on forecasts of a slowdown in inflation.

Stock indices throughout the day were traded in different directions, limited to pessimistic moods (Nikkei 225-0.33; DAX +0.30; FTSE 100-0.10; Dow 30 +0.40).

At the end of the day and the week, the US dollar index closes in a noticeable minus and oversold, fully confirming the downward correctional trend, which is limited by the support level of 96.50-40.

The US dollar index chart. The current price is 96.50 (10-year government bonds yield is the blue line)

Hanzenko Anton