Analysis of the American trading session

During the American session on Wednesday, February 7, 2013, the US dollar rose against most of the major market currencies. The catalyst for this growth in the US currency was the increased risk-pull on the background of the signals of stabilization of the stock markets after a significant decline from the beginning of the week. The single currency fell significantly against the US dollar against the background of the general strengthening of the US currency, as well as due to the decrease in the cross-rate EUR/GBP.

Commodity currencies declined significantly against the US dollar during the US trading, which was caused by a sharp decline in oil prices against the backdrop of rising oil and petroleum products in the US.

• According to published data, US oil reserves increased by 1.895 million barrels over the past week, against the projected decline of -1.33 million barrels.
• Gasoline stocks increased by 3.414 million barrels against the decline in the previous period at the level of -1.98 million barrels.
• Distillate stocks increased by 3.926 million barrels, against the decline in the previous period at the level of -1.94 million barrels.

Alexander Sivtsov