Analysis of the American session
Trades at the American trading session on Thursday closed with the strengthening of the US dollar across the market. The data on the US-China trade talks was the reason. The Minister of Commerce of China confirmed it. Later, the US President D. Trump announced about trade negotiations, and noted a new level of trade talks.
Due to a decrease in fears of an aggravation of the trade war and an increase in the US government bonds yield, the US dollar accelerated growth against a basket of major competitors. General negative moods on the market persisted, without denying the possibility of another exacerbation of tension. The dollar index is limited by overbought and resistance levels: 98.60-70.
Fig. The US dollar index chart. Current price – 98.60 (10-year US government bonds yield – blue line)
Read also: “U.S. and E.U. Trade War”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- What does the US Fed Chairman Powell statement mean for the US dollar
- ECB is preparing a stimulus package
- The national currency exchange rate as an advantage in trade talks
Current Investment ideas: