Analysis of the past week

The last working week of 2017 turned out to be very volatile, which was caused by low volumes of trades. As a result, the liquidity was reduced and the “thin market” was formed.

So, this week has become one of the most negative for the US currency since November. As a result, the US dollar index has updated minimum of three months and remains in a downtrend, thereby confirming the descending expectations. Also, the dollar index closes the year near the annual minimum, which in the future may indicate the preservation of a global downtrend.

Graph of the US dollar index. The current price is 92.00.

The last week of the year also demonstrated a significant strengthening of commodity assets. So, oil quotations finish the year near the two-year highs based on positive data on the reduction of oil production and export in the world. In addition to rising oil prices, aluminum has been trading near the highs for many years on the growth of the world economy. Do not become an exception and the precious metals, which strengthened  due to the flight from the risks because of the reducing liquidity.

Stock exchanges during the week showed a relatively quiet dynamics, while trading near the opening levels of the week, remaining near the global highs after a long growth.

Hanzenko Anton