Analysis of the past week

The first working week of 2018 turned out to be full of news and productive for stock indices and commodity assets. So, the main world stock exchanges have significantly increased since the beginning of the year. As a result, multi-year highs were updated, which is caused by the continued optimism about the world economy and the positive dynamics of raw materials.

Safe haven currencies were under pressure due to the rising optimism and rising prices for more profitable assets, among which a significant decline was demonstrated by the Japanese yen.

The US currency during the week demonstrated multidirectional dynamics, limited to the level of the opening of the year. Despite the news (Fed protocol and the US employment report), the dollar index is limited to a lateral trend, thus indicating the possibility of further recovery.

Graph of the US dollar index. The current price is 91.80.

Hanzenko Anton