Analysis of the American Trading Session
The American session on Monday closed slightly above the opening of the day for the US currency, which was caused by the return of optimism to the market and the cautiousness of investors ahead of the coming weekend. Trading on Wall Street closed slightly above zero, pointing to general optimistic expectations and market limitations, especially after significant growth in the European session.
The Asia-Pacific session also opened with the preservation of optimistic sentiment amid expectations of the beginning of a meeting between US President D. Trump and North Korean leader Kim Jong-un, which can be traced in the restrained positive start of trading on Tuesday. The main strengthening of the American dollar has fallen against the yen, which indicates a reduction in geopolitical risks on the Korean peninsula. Also, the market will continue to follow this meeting, which can cause outbursts of volatility.
The index of the US dollar against the basket of major competitors opened trades on Tuesday with noticeable growth on positive expectations from today’s meeting of Trump and Kim Jong-un. At the same time, the index came out of a downtrend, but is still limited by resistance: 93.80 and 94.00.
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Hanzenko Anton