U.S. data
- CB Consumer Confidence Index (Jan), fact 120.2, forecast 124.7
The US consumer confidence index in January showed the strongest slowdown in the last two years, reinforcing the negative news background on the American dollar after the publication of weak data on housing costs and very pessimistic expectations from the US Federal Reserve.
Fig. 1. U.S. CB consumer confidence index chart
The dynamics of the US dollar index is built against a basket of competitors, while remaining limited oversold and positive dynamics of stock indices, which provide a restrained support to the US dollar. It is worth noting the safety of the downward dynamics of the dollar, in which it has been moving from the start of the week. Support levels: 95.50 and 95.30.
Fig. 2. The US dollar index chart. The current price is 95.80 (10-year government bonds yield is the blue line)
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Hanzenko Anton
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