U.S. data

•  JOLTS job openings (Feb), fact 7.087M, forecast 7.550M.

Open vacancies in the United States unexpectedly declined in February, slowing the upward trend in this indicator. In the context of a weak February employment report in the US, these statistics look very ambiguous.

Fig. 1.  JOLTS job openings

The US dollar index did not actually respond to these statistics, remaining oversold against a basket of competitors. The downward trend of the American dollar continues to persist since the beginning of the week and strengthened on the reduction of positions before tomorrow’s data from the ECB and the Fed.

The US dollar index is limited to significant oversold and support levels: 97.90 and 97.80. Resistance is located at marks: 97.00 and 97.10.

Fig. 2. The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

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Hanzenko Anton

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