Analysis of the American session

Trading on the US trading session on Tuesday closed with mixed fluctuations, which was caused by statements. Thus, the representative of the US Fed Bullard in his speech noted that the reduction in rates by more than 25 basis points would be unjustified. Thus, he caused a restrained correction of the American dollar. Comments by the US President D. Trump regarding a strong dollar and a weak euro, on the contrary, have returned pressure on the American dollar due to verbal pressure on the Fed.

After multidirectional statements, the US dollar index still managed to close Tuesday’s growth with gains, moving from monthly lows and updating high at 96.30. In the future, it may serve as a pretext for the formation of a correction for the American dollar.

Fig. The US dollar index chart. The current price is 96.30 (10-year US government bonds yield is the blue line)

Read also: “Candlestick analysis. The main candlestick patterns. Part 1″

Andre Green

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