Analysis of the American session

The US session on Tuesday closed with a significant increase in the US dollar across the market. The American dollar was supported by positive data on the US retail sales, which markedly reduced concerns about a slowdown in the US consumer inflation. Also, the American dollar was supported by the decline of the euro and the British pound and the exacerbation of tensions in the US-China trade relations.

Due to this, the US dollar index has updated a high of 97.40, returning to an upward trend. But it turned out to be significantly overbought and limited by resistance levels: 97.50 and 97.60.

Fig. The US dollar index dollar. The current price is 96.40 (10-year US government bonds yield is the blue line)

Read also: “Swiss franc (CHF) –
features of trading on cross-rate»

Andre Green

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

Topical articles of the trader’s blog:

1. The trade war. Relations between Japan and South Korea
2. The Japanese yen: expectations and prospects.
3. US and China return to the negotiation table

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