Analysis of the American Trading Session
Friday trading on the European and American sessions remained extremely restrained, which was due to a day off on the occasion of the celebration of Good Friday. Published negative US statistics at the end of the day did not have a significant impact on the low active market. But it is worth noting that the slowdown in the US real estate market for the second consecutive month may increase the pressure on the US dollar when resuming activity in the market.
The dynamics of the dollar index on Friday as a whole can be described as attempts of correction against the growth that was observed on Thursday. The low liquidity of the market at the same time had a restraining effect on the course of trading, causing the formation of a flat. On the restoration of normal trading volumes, it is likely to resume the correction on the American dollar, limited to the highs of last week.
Fig. The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)
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Andre Green
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