An analysis of the previous day

On Wednesday, November 8, the US dollar remained trading within the previous day, which was caused by the correction and the lack of significant data on the US. An additional factor in the weakening of the American was the ambiguous dynamics of the stock indices.

Despite the lateral trade on Wednesday, the potential for further strengthening of the American remains, as indicated by the continued upward trend in the US dollar index. But, the dynamics of the US dollar is still ambiguous due to the mixed nature of the stock indices. Data on inflation in China may clarify the situation on the market. Also, the stock indices, which will be released tomorrow at the beginning of the day, may give the direction to the stock indices.

Anton Hanzenko