U.S. data

• Volume of industrial orders (m/m) (Mar), fact 1.9%, forecast 1.0%, previous value -0.3%

U.S. industrial orders rose unexpectedly in March, showing growth in activity in the industrial sector after a six-month decline. Also it is worth noting  the revised data for the previous period in the direction of improvement.

Fig. 1. U.S. industrial orders (m m) 

Against the background of very positive data on the United States, we can expect the continuation of the restrained strengthening of the American dollar against a basket of major competitors. Despite the significant overbought of the dollar, the key resistance for the US dollar index is the 97.80 mark, breaking through which will open the way to the resistance levels: 97.90 and 98.00. Support is located at the levels: 97.70 and 97.60.

Fig. 2. The US dollar index chart. The current price is 97.80 (10-year government bonds yield is the blue line)

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Hanzenko Anton

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