State of the market: the market in anticipation of the US Federal Reserve meeting minutes

The US currency moved to a correction after the dollar fell on the results of the US midterm elections. The reason for the correctional movement was the optimistic expectations regarding the upcoming Fed meeting, which is expected to hint at a further rates increase  in the United States.

General dynamics of the market remains restrained positive, which is promoted by the growth of optimism in the stock markets, which, in turn, was caused by very optimistic data on China’s trade.

The US dollar index continues to trade with a strengthening on optimistic expectations regarding the Fed, which slowed down the downtrend in November. The main resistance is at the levels: 96.50-40 and 96.80-70, support: 96.20 and 96.00.

Read also: “Financial issues at the beginning of 2018″

Hanzenko Anton

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