Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trades on the US session on Wednesday were closed by the next update of the month’s highs on the euro on support of the statement of the representative of the ECB Prata. At the same time, despite attempts to correct the American dollar, the market returned to dollar sales to maintain the US trade confrontation and the growth of optimism for the euro.

The oil market in contrast was supported by the weakness of the American dollar and renewed optimism in the stock markets. As a result, the oil market played yesterday’s losses on the growth of oil reserves in the US and trades with the strengthening, thereby giving hope for a bottom formation.

The US dollar index, despite closing slightly below support at 93.40, remains in a downward trend, updating the lows. So, further weakening of the American is very likely. Support levels: 93.40-20 and 93.00.

US dollar index graph. The current price is 93.40 (the yield of 10-year government bonds is a blue line)

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Andre Green

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