Analysis of the past day

On Tuesday, January 30, the US dollar index weakened against the main basket of world currencies, which was caused by the negative dynamics of world stock indices. As a result, the American completely lost all its earned positions yesterday.

The negative dynamics of stock indices also affected the commodity assets, increasing pressure on oil before the publication of reports on oil stocks in the USA (Nikkei 225 -1.40, DAX-0.90, FTSE 100-0.90, Dow 30 -0.90 ). At the same time, oil is traded in a generally upward trend, but is limited to correction and possible risks in terms of oil supply growth.

The dynamics of the US currency and the market as a whole is very restrained before tomorrow. The market will be focused on inflation in the euro area and the US Federal Reserve’s protocol, which will force investors to take a wait-and-see position. And, as a result, the market should expect the formation of lateral trends before the release of data.

Graph of the US dollar index. Current price – 88.90

Hanzenko Anton