Analysis of the American Trading Session

Trades at the American session on Monday closed with a restrained decline of the American to the level of the opening of the day, in fact pointing to the working out of the risks of exacerbation of the confrontation between the USA and China. On the other hand, the preservation of political risks in the United States increased the pressure on the American.

Despite the fact that the main strengthening of the US dollar on Monday was traced against commodity currencies, the main competitors of the dollar closed Monday’s trading at the opening of the week, pointing to the short-term growth of the dollar and the impulsive nature of Monday’s movement. The US dollar index, after a short correction, updated a Friday’s low. This he confirmed the downward trend, which is limited to support levels: 97.30 and 97.10.

Fig. The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

Read also: “Dow Theory – the basics of technical analysis”

Andre Green

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

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