Analysis of the last week

The last full-fledged work week of 2017 turned out to be saturated with statistical data and statistics from the world’s Central Bank, which, despite the significant impact on the market, had little effect on the dynamics of currency pairs. Thus, the past week turned out to be more under correction due to the closing positions by investors at the end of the year and waiting for the New Year holidays.

Most of the major currency pairs showed a move against the previous week. In turn, the US dollar index for the second week closed with minus, but the month remains in plus.

The market reaction remains low due to low activity before the holidays, which indicates a decrease in liquidity in the market in the coming weeks. But, on the other hand, the market still follows the fundamental factors in the US and Europe, which can have a significant impact, despite the reduced volume of trading.

Graph of the US dollar index H4. The current price is 93.400.

Hanzenko Anton