After yesterday’s stagnation, the US dollar started a new trading day with a slight rise. Judging by the existing situation, the currency will be gaining in value for the whole day. Let us find out the reasons for that.First of all, today, US officials will vote for the raising of the debt ceiling in Congress. It is highly likely that they will approve the deal. In the event of this, mass media will describe the decision as salvation from an inevitable default. What is more, recently, all mass media sources have been fueling concerns about a possible default and its consequences. That is why a rise in the debt limit will be considered an extremely positive factor. In other words, the United States managed to avoid a catastrophe.Secondly, early today, we learnt that Moscow was attacked by drones. Several buildings were damaged and citizens heard the sounds of air defense systems. At the moment, there is no information about the victims. In any case, this event boosted tension and escalated the conflict on the European continent.In other words, in Europe, we see a surge in military tension, whereas the US managed to avoid a default at the last moment. In means that investors will try to withdraw their funds from European assets in favor of US ones. This, in turn, will support the greenback.On the trading chart, we see that the euro continued falling against the US dollar. The price settlement below 1.0700 led to a technical signal of a rise in the volume of short positions, which caused a local jump in speculative activity.Under the current conditions, the pair is showing an inertial and speculative movement, which prolonged the correctional cycle. If traders go on ignoring technical signals of oversold conditions, the quote may slide to the support area of 1.0500/1.0550.However, such speculative movements often cause rebounds, which were seen at the moment of preparing the article. A sharp drop in the volume of short positions may boost the euro, though only for some time.Meanwhile, the pound/dollar pair stopped near the level of 1.2350. This could be explained by a weekend in the United Kingdom and the United States. Today, the market sentiment is still bearish. However, the continuation of the downward cycle will be confirmed only when the price settles below 1.2300. At the moment, the pair is hovering around the level of 1.2350.

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00:00 INTRO
00:17 USA
00:58 RUSSIA
01:22 QUOTES
01:46 EUR | USD
02:43 GBP | USD