Analysis of the American trading session

During the American session on Thursday, February 8, 2018, the US dollar showed mixed dynamics against the major currencies of the market. Support for the US dollar in the course of trading was provided by positive statistics on the labor market in the United States, according to which the number of applications for unemployment benefits was lower than the previous value. See “The US dollar has tempered the ardor.”

British pound during the US session lost almost all of the gained positions, against the backdrop of the meeting of the Bank of England. See “The British Strengthens its Position. Bank of England Accounting Rate. ” The pressure on the GBP/USD was exerted by the partially fixed profit on the long positions of the British currency and the pressure from the US dollar.

The US dollar declined against the Japanese yen and the Swiss franc, amid rising demand for safe haven assets due to a decline in stock exchanges. Major US stock indices ended the session lower: Dow 30 -4.15%, S & P 500 -3.75%, Nasdaq -3.90%.

Alexander Sivtsov