Analysis of the past day

On Tuesday, January 16, the US dollar strengthened across the entire spectrum of the market, which was caused by the general correction of the American after the decline. As a result, the USD index completely restored Monday’s losses.

Stock exchanges, after the weekend in the United States, began trading mostly above zero, maintaining optimism in the market (Nikkei 225 +1.00, DAX + 0.50, FTSE 100 -0.30, Dow 30 +0.75). At the same time, commodity assets were under pressure amid the American recovery and correction.

The existing overbought of the US dollar against the main competitors and the persistence of fears on the euro area contribute to the correction of the American. This correction is more technical yet, indicating the possibility of a further decline in the US dollar.

Graph of the US dollar index. The current price is 90.40.

Hanzenko Anton