Analysis of the American trading session

During the American session on Friday, January 19, 2018, the US dollar continued to strengthen its positions against most competitors. The main support for the American was provided by technical factors and continued fixation of profit by investors on short positions of the US dollar. Also, support to the American was provided by the positive dynamics of the US stock market, with the major stock indices finishing the session with growth (Dow 30 + 0.21%, S & P 500 + 0.44%, Nasdaq + 0.55%).

As for the economic data on the United States, they pointed to mixed consumer optimism, which contained a stronger strengthening of the US currency. More: “The US dollar is stable“

The British pound is traded under pressure during US trading, amid weak data on retail sales in the UK and the continued strengthening of the US currency across the entire spectrum of the market. For more information, see “Pound Under Pressure: UK Retail Sales Data.“

Alexander Sivtsov