Analysis of the American session

The US session on Wednesday closed very restrained, retaining the limited dynamics of the day and week. The main factor of market restraint was the expectations of the US-China trade negotiations, which, as stated by the US President D. Trump, were “broken off” by China. This indicates the preservation of duties on Chinese goods.

Despite the fact that trade relations between the United States and China remain “strained,” investors are very reserved in responding to the resumption of possible risks, restrained by buying safe assets on low market volatility. At the same time, the US dollar is also strengthening moderately against commodity currencies. The US dollar index maintains the weekly side channel from 97.70 to 97.40.

Fig. The US dollar index chart. The current price is 97.60 (10-year government bonds yield is the blue line)

Read also: “Trade balance influence on the country’s economy”

Andre Green

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

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