The situation on world trading platforms at the moment contributes to the strengthening of the US dollar across the market in response to the recent statements of the members of the Fed’s Federal open market Committee (FOMC) about the possibility of the Federal funds rate rising at the April meeting in case of positive economic statistics. Also it was admitted that the main rate of the Central Bank will most likely increase twice in 2016. The divergence in credit and monetary policy of the Fed and Central banks of other countries with leading economies naturally exerts a strong pressure on the major currency pairs and in the medium and long term it is logical to expect a resumption of the dollar rally.
The EUR/USD trend in the short term may looks as follow:
Also in the near future it makes sense to consider the trading position of American stock exchanges due to the beginning of the quarterly corporate reporting period in the USA
The wide market’s index S&P500 looks as follow:
The following analytic reports will consider releases of the largest American companies’ corporate reports.