Analysis of the day

On Friday, November 10, the US currency accelerated decline across the entire spectrum of the market, which was caused by increased concerns about tax reform in the US and negative sentiment amid a decline of the world stock indices. As a result, the dollar index  showed a decrease of 0.25% against the main basket of world currencies, thereby updating the minimum of the last two weeks.

Given the significant oversold of the US dollar across the entire spectrum of the market and the continuation of the uptrend, the further decline of the American remains limited. The formation of correction should be expected on a new trading week, which also promises to be full of news. To learn more about details, please refer to Experts opinios. Regarding expectations for the next week, please refer to the Analysis of the last week.

Anton Hanzenko