Analysis of the American trading session

During the American session on Thursday, December 28, 2017, the US dollar continued its decline against most of the major currencies of the market. Pressure on the US currency was provided by the weak data on the labor market in the United States.

• According to published data, the number of applications for unemployment benefits amounted to 245 thousand, exceeding the forecast of analysts at 241 thousand. The average value of the indicator for 4 weeks increased compared to the previous value to around 237.75 thousand, against the previous indicator at 236 thousand .

Australian and New Zealand dollars continued to strengthen their positions against the US currency against the rising prices for copper and oil. The prices for copper have reached the highest level for the last 4 years. Oil prices also rose on Thursday after data by EIA pointed to a decrease in the US crude stocks by 4.609 million barrels, and gasoline growth was 0.591 million barrels, while analysts had expected growth of 3.434 million barrels .

Alexander Sivtsov