Analysis of the American session

Wednesday’s trading closed with restraint in the market and uncertainty. This is due to the request of the British government to postpone the final Brexit date to three months once again. Against this background, pessimism in Europe intensified, but did not have a significant impact on the market.

The US dollar index closed at the opening day, despite attempts to grow and update the weekly high at 97.60. Thus, it indicated a tendency to decrease and maintain a downtrend. At the same time, market uncertainty persists, which may cause the formation of lateral dynamics. Significant resistance is located at the levels: 97.60 and 97.80, support: 97.30 and 97.00.

Fig. US dollar index chart. Current price – 97.40 (10-year US government bonds yield – blue line)

Read also: “The trade war. Relations between Japan and South Korea“

Andre Green

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Earn with the help of the trade service on the news Erste News!

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2. What to expect from the Bank of England in the face of a tough Brexit
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