Analysis of the past day

On Monday, February 12, trading in the foreign exchange market was very restrained, remaining at the opening of the day, limited to the lack of significant news and uncertainty caused by the positive dynamics of stock indices. As a result, most currencies at the beginning of the day were supported by the American’s decline on the movement against Friday, but after adjusting.

On the stock markets, Monday had a more significant impact, which was caused by the general recovery of the world stock indices (Nikkei 225 —; DAX +1,50; FTSE 100 +1,20; Dow 30 +0,80). Along with the positive dynamics of the stock indices, the raw material assets received notable support. As a result, since the beginning of the week, in the market there is an increase in optimism. At the same time, it’s too early to talk about full-scale recovery of stock exchanges.

The dollar index throughout the day also demonstrated multidirectional dynamics, slowing the upward trend, which in the end may indicate the formation of a reversal or correction.

Graph of the US dollar index. The current price is 90.10.

Hanzenko Anton