Analysis of the past day

On Thursday, trading in the foreign exchange market took place around the meeting results of the European Central Bank. As a result, the main movement was traced in currency pairs with the euro and the US dollar. The first half of the day was restrained before the release of data for the eurozone. The reason for it was waiting for the ECB meeting results.

Stock exchanges during the day were trading in a significant negative, which caused an increase in demand for safe assets (Nikkei 225 -0.71; DAX -0.80; FTSE 100 -0.80; Dow 30 -1.00).

At the end of the day, the US dollar index strengthened significantly against the basket of competitors due to a general decline in the euro and very positive expectations for the US employment. As a result, the American dollar has updated a high of 97.35 and turned out to be significantly overbought, which may indicate attempts of correction to 97.20.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton