Analysis of the American Trading Session

Trades in the US session of the Wednesday were closed by a general decline in the US dollar across the  market. The reason for this was the evidence that the US offered China a new round of talks. As a result, investors returned to more risky assets, and the market saw an increase in optimism.

Against the backdrop of the growth of optimism, in addition to the euro and commodity currencies, the Chinese yuan gained support, which in turn significantly slowed the downward trend, but still remains under pressure from the downtrend.

Fig. 1. USD/CNH chart

 

The US dollar index closed the trading environment below psychology at 95.00, indicating a slowdown and raising doubts about the possibility of an American  growth. At the same time, the trading range from 95.00 to 94.80 remains in force.

Fig. 2.The US dollar index chart. The current price is 94.90 (10-year government bonds yield is a blue line)

Read also: “The Economy Japan’s  in the Conditions of Continuous Ultra-Soft Monetary Policy”

Andre Green

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