Analysis of the American session

Trades at the American trading session on Monday closed with a noticeable strengthening of the US dollar index against a basket of major competitors. The reason for this was the growth of optimism and the weakening of the safe haven assets . The general market sentiment remains restrained positive, despite the persistence of concerns about the aggravation of trade risks and the slowdown in the growth of stock indices on correction after growth.

The US dollar index continues to trade in the upward channel, aiming for new resistance levels of 98.50-60. The overbought and downward dynamics of the US government bonds yield may be a limiting factor for the American dollar.

Fig. The US dollar index chart. Current price – 98.40 (10-year US government bonds yield – blue line)

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Andre Green

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

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