The main drivers of the market: stock indices and oil

Trades in the foreign exchange market are very restrained, given the significant growth of European stock exchanges and the strengthening of oil prices.

Oil remains optimistic on data to reduce oil reserves in the US, but is limited to annual highs.

European stock indices accelerated growth and traded near the annual highs on the general growth of optimism, thereby completely ignoring the growth of the yield of state bonds. As a result, under restrained pressure was the US dollar index, which forms the reversal figure “head and shoulders”, but it remains in an upward trend. The strengthening of the American above 93.40 points to the possibility of further growth in the US dollar index.

Graph of the US dollar index. The current price is 93.40 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton