Analysis of the American session

The US trading session on Friday closed with a noticeable decline in the US dollar against a basket of competitors. The reason for this was weak statistics on consumer confidence and technical correction of positions before the weekend on the possibility of exacerbating risks.

As a result, the US dollar index went down, forming lateral dynamics. At the same time, the US government bonds yield had an upward trend, which provides support to the American dollar. The restrained downward opening of trading on the dollar at the start of the new week will be limited due to the growth of optimism and the strengthening of the yield on the US government bonds. The lateral range from 98.10 to 98.30 remains significant support and resistance.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “The most common mistakes of a trader. Know them and do not make”

Andre Green

---

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

Topical articles of the trader’s blog:

1. A new front opens in the trade war
2. Gold in the light of current events. How long is its growth
3. A new round of trade war: duties, restrictions, prospects

Current Investment ideas:

1. Selling Alcoa shares makes a profit! Three reasons to connect now!
2. The trade war for Boeing: good or bad and how can we make money from it!