State of the Market: the American remains weak based on the market optimism

On Wednesday, the US dollar remains under pressure of optimism, which persists from the first days of 2018. The growth of optimism in the market and the decline in the US dollar is caused by the strengthening of raw materials, due to the positive dynamics of the stock indices, and a noticeable increase in the popularity of the euro and other world currencies, amid signs of growth in the global economy.

In turn, liquidity moderately returns to the market, which can also cause a correction against the background of oversold of the US currency. Since the holidays, the US dollar index remains in a downtrend and is limited to the lows of the last three months.

Graph of the US dollar index D1. The current price is 91,600.

Hanzenko Anton