Analysis of the American session - Ester Holdings

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!

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