Analysis of the American session - Ester Holdings

Analysis of the American session

The US trading session on Wednesday closed with the decline of the US dollar against a basket of competitors. The main decline of the American dollar fell on safe assets. The reason for the decline of the American dollar was the technical correction strengthened by weak data on construction in the USA and the increased risk of resumption of a trade war.

As a result, the US dollar index consolidated below the support of 97.30, than indicated a significant correction to the support levels of 97.10 and 97.00. General dynamics of the American dollar depends on the US government bonds yield.

Fig. The US dollar index chart. The current price is 97.10 (10-year US government bonds  yield is the blue line)

Read also: “The most common mistakes made by trader.
Know them and do not make”

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

Current Investment ideas:

  1. IBM shares will continue to decline. Get ready to make money on this with a ready-made investment idea from Ester!
  2. Make Money on Intel Shares Growth!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?