Analysis of the American session

Trades at the US trading session on Tuesday closed with a restrained increase in the dollar index to the opening of the day level after the decline. The strengthening of the American dollar was traced due to the reduction of risky assets in the worsening trade confrontation. Skeptical sentiment continues to intensify in the market as the timing of the introduction of new duties between the US and China.

The market shows an increase in demand for safe assets given the continued pessimism before another aggravation of the US – China trade relations. Which also provides a restrained support to the US dollar.

Fig. The US dollar index chart. Current price – 98.10 (10-year US government bonds yield – blue line)

Read also: “What is expected from the June Fed meeting”

Andre Green

---

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

Topical articles of the trader’s blog:

1. ECB is preparing a stimulus package
2. The national currency exchange rate as an advantage in trade talks
3. A new front opens in the trade war

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!