Analysis of the American Trading Session
The American Friday session was closed by the decline of the American dollar in the whole spectrum of the market, as a result of which the dollar completely lost all previously earned positions. The reason for the decline of the US dollar was a technical correction, which was intensified by weak data on the mood of US consumers. As a result, the upward dynamics of the American dollar last week turned out to be at risk of reversal.
The US dollar index at the beginning of Monday is trading lower, maintaining the downward sentiment of Friday and intensifying the pessimism of the Asian session, but limited to oversold and support levels: 94.60 and 94.40.
The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)
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Andre Green
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