Analysis of the American Trading Session

Trading on the US session on Monday closed with the strengthening of the US currency across the market. The reason for it was the growth of political risks in the UK and the eurozone, helped by data on the possible resignation of British Prime Minister T. May and the information that the Italian government is promoting a problem budget.

As a result, the dollar index returned to weekly highs, that confirmed the uptrend safety. On the other hand, the psychological resistance 96.00 continues to be a significant resistance for the growth of the American currency. At the same time, the zone from 95.80 to 96.10 remains turning, which will cause fluctuations in this range.

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The US dollar index chart. The current price is 96.00 (t10-year government bonds yield is the blue line)

Read also: “Fractals (Fractals) of Bill Williams and trading with it”

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!