State of the Market: there is a lull in the market

On Tuesday, activity in the foreign exchange market remains extremely low, which was expressed by the formation of a flat for most pairs. Such a market movement is due to the lack of significant drivers and the correction of the American after continued growth.

Growth in activity is possible at the opening of stock exchanges in America. The positive opening of trading on Wall Street will be caused by very positive data on corporate reporting, published today. At the same time, the growth of the US stock markets is likely to support the US currency, after a restrained correction throughout the day. But the maintenance of the existing dynamics with a slight increase in volatility is possible , which is caused by the transfer of assets from the foreign exchange market to the stock market.

Graph of the US dollar index. The current price is 91.00 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton