Analysis of the past day

On Thursday, January 18, trades in the foreign exchange market were very restrained and multidirectional. The downward correction of the US currency was the main driver of the market against yesterday’s growth, which was strengthened by weak data on the US.

On the stock exchanges, after the positive opening of the Asia-Pacific session, a multidirectional trend was traced, which was caused by the correction and decrease in the value of commodity assets (Nikkei 225 -0.44, DAX +0.40, FTSE 100 -0.50, Dow 30 -0.25 ). This was due to profit taking after growth to the historical highs.

Despite the corrective movement against growth, the US dollar index remained in a two-day uptrend. Support levels are 90.20 and 90.00. Resistance shifted to the levels: 90.80 and 91.00. At the same time, the US dollar is traded near annual lows and forms a certain bottom, which may indicate a deeper recovery.

Graph of the US dollar index. Current price – 90.40

Hanzenko Anton