Analysis of the past week

The first full week of March turned out to be very full of news, among which is the ECB meeting and the publication of data on employment in the US. But neither the first nor the second event had a significant impact on the market due to its restraint and ambiguity, which can not be said about the growing protectionism in the US and the growing possibility of a trade war.

So, during the week Gary Kon left the post of senior economic Trump’s adviser, what indicated the possibility of exacerbation of protectionist sentiments in the ranks of Republicans. As a consequence, the probability of a US trade war is high. At the same time, the degree of tension regarding trade relations was reduced by signing Tramp’s proclamations regarding the tax on steel and aluminum. At the same time, strained trade relations between the US, the eurozone and China persist. As a result, the US dollar index is limited to March highs.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton