Analysis of the past day

On Tuesday, January 23, the US currency renewed its annual minimum based on the negative opening of the US stock exchanges. Throughout the Asian and European sessions, the market observed a restrained strengthening of the US currency based on data on the resumption of the work of the US government. But the ascending procession of the American has abruptly stopped due to the publication of weak data on industry from the Federal Reserve Bank and restrained negative opening of stock exchanges in the United States.

World stock exchanges demonstrated multidirectional dynamics throughout the day, and by the end of the day, there was an increase in negative sentiments (Nikkei 225 +1.29, DAX + 0.65, FTSE 100 +0.15, Dow 30 0.00). At the same time, the dynamics of commodity assets is rising, which is caused by the growth of optimism in the oil market due to the expectation of a further decline in oil reserves in the US.

The US dollar index is under considerable pressure for no apparent reason. Therefore, a rapid correction is possible, and the consolidation of an American below the 90.00 mark indicates a resumption of the downtrend.

Graph of the US dollar index. The current price is 89.90.

Hanzenko Anton