14 February 2017 - Daily Brief

Yesterday trading day passed quietly. As we expected the US dollar was trading without much change in relation to the major currencies. US stock indices continued their growth and yesterday's session was fixed again at all-time highs. Shares of Apple (NYSE: AAPL) just came back to its historical tops

and the company is currently worth 700 billion dollars. It seems that the world is confident in the US economy, despite all Trump's tough talks. At this rate USD will obviously be supported. Today just need to look at strengthening USD against the major currencies. Today after the opening of the US session the head of the Fed will be speaking. You can expect the USD to strengthen at the time of presentation.


Today the UK consumer price index came out lower than expected: 1.6% vs. 1.8%. The latter result was also 1.6%. It says that we will not soon see the growth of interest rates in the UK. On this news the strengthening of the US dollar reacted to the level of 1.2440. Pound in the near future will continue to trade in a range between 1,26-1,24.


Today there is also a number of negative data for Euro zone. The preliminary GDP data was worse than the forecast 1.7% vs. 1.8%. Today the US dollar can go safely to strengthen across the board, in EUR / USD especially in the US session. We recommend sales of the instrument.


The pair has a greater perspective on growth. The yen is now one of the most vulnerable currencies against the USD. Taking into account the factor that the pair came out of the range 111,50-112,50, the price has a good chance today to go to the level of 114 or higher. Moreover, the US dollar today has a very strong potential for growth.


At the moment nothing surprising is happening with the black gold. As we expected the price continues to trade in a range between 54-52.50 per barrel. Accordingly, from the upper border go for sales and fix profit at the lower boundary.


Gold expects further US dollar movements. The fact that the stock indexes of America are on highs tells us that the world is investing in risky assets. While the S & P500 will grow expect a large demand for gold is not necessary.