Analysis of the American trading session

During the American session on Friday, January 26, 2013, the US dollar showed mixed dynamics and ended the session with a decline against most of the major market currencies. In general, the dynamics of the US dollar was associated with technical factors and correction of positions before the weekend. Also, some uncertainty in the course of trading was added by mixed data on GDP and data on orders for durable goods in the US. See “The US dollar is stable.” The US GDP data “

The Japanese yen rose against the US dollar during the US session, helped by comments from the head of the Bank of Japan on the growth of the country’s economy. In addition, see “The Japanese yen received support.“

The Canadian dollar closed the session near the price of the opening of the US trading, despite the rise in oil prices, which supported the Australian and New Zealand dollars. This Canadian dynamics was related to the publication of weak inflation data in Canada.

• The basic index of consumer prices in December fell by – 0,5%, against the November decrease at the level of -0,1%. On an annualized basis, the growth slowed to 1.2%, against the previous level of 1.3%.
• The consumer price index in December fell by -0.4%. against growth in the previous period at the level of 0.3%. On an annualized basis, the growth rate slowed to 1.9%, which is lower than the previous indicator at 2.1%

Alexander Sivtsov