Analysis of the American Trading Session

Friday’s trading closed with a general decline of the US dollar against most of its competitors, that was caused by the growth of optimism in the market and weak data on real estate in the US. The exception was the Canadian dollar, which weakened against the American on weak inflation data.

By maintaining optimism in the market, the US dollar index remains under pressure, limited to support levels: 95.50 and 95.30, on the other hand, limited to the possibility of a movement against Friday. Also the increase in the US state bonds profitability is worth noting, which in this case are a negative factor for the growth of the dollar, but can serve as a signal to increase risks in the market.

The US dollar index chart. The current price is 95.60 (10-year government bonds yield is the blue line)

Read also: “Elliott Waves Theory: the Prediction of Correction and Channel Formation”

Andre Green

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

Topical articles of the trader’s blog:

1. The US economy continues its growth, confirming the rates hike policy.
2. Prospects for recovery of emerging markets.
3. Trump presidency results (1/2).

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!