Analysis of the American trading session

During the American session on Tuesday, March 6, 2018, the US dollar showed mixed dynamics against the major currencies of the market, but remained near daily lows. This dynamics of the US currency is connected with the restrained dynamics of the US stock market. The main stock indices finished the session with a slight plus (Dow + 0.04%, S & P 500 + 0.26%, Nasdaq + 0.56%). Also, weak data on industrial orders in the US influenced the course of trading, which in January fell by -1,4%, against the growth in the previous period at 1.8%.

Do not forget that on Wednesday there will be published data on employment in the US from ADP, in anticipation of which market participants are taking a cautious stance against the US currency.

Alexander Sivtsov