Analysis of the past day

On Thursday, January 4, the US currency accelerated decline against the main competitors, which was caused by increased pressure from raw materials and ambiguous data on employment in the US before Friday’s report. As a result, the US dollar index is under pressure from a downtrend and negative expectations for employment in the US for December.

On the other hand, the global stock indices close the trades on Thursday with another growth (Nikkei 225 +3.26, DAX +1.70, FTSE 100 +0.30, Dow 30 +0.70). The positive dynamics of stock indices also could not but affect the dynamics of commodity assets, which close the day in a noticeable plus. This is also promoted by the growing optimism about business activity in Europe.

As a result, the US dollar index remains under pressure ahead of tomorrow’s data on employment in the US, limited to support levels: 91.500 and 91.400.

Graph of the US dollar index. The current price is 91,550.

Hanzenko Anton