Analysis of the American trading session

During the American session on Friday, February 16, 2018, the US dollar maintained its strong position against the major currencies of the market. The growth of the US currency was due to technical factors and profit-taking by investors in short positions against the US dollar. Support for the US currency was provided by positive statistics on the United States.

• According to published data, the number of building permits issued rose to 1.396 million in January, exceeding the December figure of 1.3 million. As a percentage, the growth rate was 7.4%, against a decline of -0.2 in the previous period %.

Later were published data that pointed to the growth of consumer optimism in the US.

• The consumer sentiment index from the University of Michigan rose to 99.9, exceeding the previous value of 95.7.
• The consumer expectations index from the University of Michigan rose to a mark of 90.2, which exceeds the previous figure at 86.3.

Alexander Sivtsov