![](https://esterholdings.com/wp-content/uploads/forex-amerikanskaya-sessiya1-e1459494238950-5-730x485.jpg)
Analysis of the American session
The US trading session on Friday closed with the rapid growth of the US dollar across the market, which was caused by an employment data in the United States. The main optimistic driver for the growth of the American dollar was the resumption of the growth of new jobs, which ultimately served as a driver for the growth of the US dollar against key competitors.
Against the background of the resumption of growth in the US labor market, the US dollar index updated a high of 97.40-45, which caused a significant overbought of the American dollar and updated the last few weeks high. Also it is worth to note the acceleration of the upward trend in the dollar, which is traced from the end of June. But, despite the preservation of the upward trend, the US dollar index is limited by overbought versus Friday’s growth. Therefore, the possibility of forming a correction against Friday, which, in turn, may be limited by the growth of negative sentiment and market uncertainty, is not excluded.
Fig. The US dollar index chart. The current price is 97.30 (10-year US government bonds yield is the blue line)
Read also: “An engulfing strategy. A trend reversal”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Cryptocurrency market continues the growth data on Libra
- OPEC + Market expects continuation of agreement to limit production
- G20 Summit – what to expect and to beware of
Current Investment ideas: