Analysis of the American Trading Session

The American session of Thursday closed with a restrained decline in the US dollar across the entire spectrum of the market. The weakening of the American was caused by the weak data on the United States and the resumption of tension between the United States and North Korea.

As a result, negative sentiment on the market increased significantly, putting pressure on stock indices and oil. As a result of Thursday, the European and American stock markets closed below zero, and oil lost about 1% in price.

But with all pessimism, the US dollar index remains in an uptrend, limiting itself to resistance levels: 94.00 and 94.20.

Graph of the US dollar index. Current price – 93.90

Also, read: “Nuclear agreement with Iran, a nuclear threat or a lever of influence on the oil market“

Andre Green