Analysis of the American trading session

During the American session on Thursday, February 15, 2013, the US dollar appreciated significantly against the major currencies of the market. The rise in producer prices in the US was not able to provide adequate support to the US currency, but only temporarily delayed its further decline. For more see: “The US dollar remains under pressure, producer prices in the US are rising.” A little later, the US dollar was affected by the decline in US industrial production, which fell in January by -0.1%, against the growth in the previous period at 0.4%.

Market participants do not believe that the Fed can accelerate the rate of interest rate increase in 2018, which reduces demand for the American currency, thereby supporting the growth of the US stock market.

US stock indices finished the session with growth: Dow + 1.23%, S & P 500 + 1.21%, Nasdaq + 1.58%. The results of yesterday’s US session indicate that there is a transfusion of capital from the foreign exchange market to stock markets, in connection with which the inverse relationship between the US dollar and the American stock market is traced.

Alexander Sivtsov