Analysis of the American trading session

During the American session on Monday, January 29, 2018, the US dollar showed mixed dynamics and almost did not change its positions against most of the major currencies of the market. The dynamics of the US dollar was associated with technical factors and the correction of positions before the upcoming Fed meeting and the publication of data on employment in the US. Also, some support for the US currency was provided by data on expenditures on personal consumption, which turned out to be higher than forecasts. See “The dollar maintains a positive. Data on expenditure on personal consumption in the US.“

It is worth noting that market participants are not in a hurry to invest in the US dollar, since the issue of financing the government is still open, as well as due to the fact that the interest rate is not expected to be raised at the next meeting of the Federal Reserve. Commodity currencies maintained their positions against the US dollar during the American session, despite the decline in oil prices, which is due to investors’ caution about the US currency.

Alexander Sivtsov