Analysis of the American session

The American trading session on Thursday closed with a decrease in the US dollar index after updating the weekly high. The reason for the volatile multidirectional trading was the ECB meeting results followed by a speech by M. Draghi and D. Trump’s comments criticizing the ECB and the Fed. This caused a sharp change in market sentiment and the sale of the US dollar. Safe haven assets have received support with the growth of protectionism in the United States.

The US dollar index remains under the pressure from expectations of rates cut in the United States, limited by oversold and support levels: 98.20 and 98.00.

Fig. US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “What is interesting is the US Fed meeting in April meeting,
and how it can affect the world banks policy”

Andre Green

---

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

Topical articles of the trader’s blog:

1. Oil market: does it form a reversal or maintain lateral dynamics
2. The British pound is growing on Johnson’s failures
3. Boris Johnson leads the UK to a tough Brexit

Current Investment ideas:

1. Selling Alcoa shares makes a profit! Three reasons to connect now!
2. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!
3. Buy Citigroup Inc. shares now and make a profit in early October!