Analysis of the American Trading Session
Trading on the US Friday session closed with a general decline in US currency across the market. The reason for the decline in the US dollar was the weak employment data in the US and the exacerbation of the political situation between the US and China, which in fact became a driver for the ambiguous dynamics of the dollar index on Friday. The US employment report was very weak, prompting a sell-off of the dollar, the likelihood of an increase in interest rates at the December meeting of the US Federal Reserve decreased noticeably, but remains very significant.
The US dollar index closed Friday trades with a moderate decline, which intensified at the opening of the new week and was caused by the resumption of pessimism regarding the US trade opposition. The downward dynamic of the American dollar is limited by local lows and oversold of the dollar.
The US dollar index chart. The current price is 96.50 (10-year government bonds yield is the blue line)
Read also: “Swiss franc (CHF) – features of trading on cross-rates”
Andre Green
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