Analysis of the American session

Trades at the American session on Wednesday were very mixed, as during the day. The reason for the ambiguous mood in the market was the expectation of the publication of the FOMC meeting, which caused the restraint of the market. In fact, the protocol itself turned out to be very positive due to the absence of hints on lowering rates and very positive expectations from the US economy. Fed officials also see no reason to raise rates even with the positive dynamics of the US economy, which may limit the American dollar in the future.

As a result, the US dollar continues to trade near monthly highs against a basket of major competitors, limited to resistance levels: 98.20 and 98.30 and maintaining the upward channel with support levels: 98.10 and 98.00.

Fig. The US dollar index chart. The current price is 98.10 (10-year government bonds yield is the blue line)

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Andre Green

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