Analysis of the past day

On Wednesday, March 21, the US dollar continued to weaken across the entire spectrum of the market, maintaining a downward trend in anticipation of the results of the Fed meeting, which is expected to raise key rates by 25 bpts. See “Expectations from the meeting of the US Federal Reserve”. At the same time, despite expectations of data on interest rates in the US, trading on Wednesday proved to be very volatile, mainly on the British pound, which was caused by positive data on employment in the UK. As a result, optimism about the British resumed, but turned out to be a limited by overbought of the pound.

Stock exchanges throughout the day showed mixed dynamics, which was caused by a decrease in activity in the market due to a weekend in Japan and anticipation of data on the US (Nikkei 225 —; DAX +0.10; FTSE 100 -0.30; Dow 30 +0.20). The commodity market shows a noticeable growth due to positive data on the reduction of oil reserves in the US.

At the same time, the market continues to restrainedly sell off the American while waiting for the results of the US Federal Reserve.

Graph of the US dollar index. The current price is 90.10.

Hanzenko Anton