Analysis of the American session

The market showed an increase in risky assets and, in particular, the US dollar at the close of trading on Tuesday. The reason for this was the stabilization of the CNY, the early weakening of which caused investors flying from risks. Amid a reduction in the risks of a trade war, stock markets also received a support, slowing the decline.

The US currency against the basket of competitors at the end of the day retreated from monthly lows, forming a reversal. So, while maintaining positive sentiment, the dollar index remains in an upward trend. Support levels are located at levels: 97.50 and 97.20, resistance is located at: 97.80 and 98.00.

Fig. The US dollar index chart. Current price – 97.60 (10-year US government bonds yield – blue line)

Read also: “Another“ Top 5” books on trading.
It can’t be too much information”

Andre Green

---

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

Topical articles of the trader’s blog:

1. The results of the July Fed meeting for the market
2. Trade signals results for half a year
3. What does British pound wait for with a new prime minister