Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trades on the US trading session on Friday closed with a restrained correction of the US currency across the entire spectrum of the market. The reason for the decline of the American dollar was the correction of positions and the fixation of profits before the weekend after the rapid growth of the US dollar earlier. Also, the reason for maintaining ambiguous sentiment on the market was the persistence of trade confrontation between the US and China, which was the reason for the negative opening of trading on the Asian-Pacific session on Monday.

As a result, trades on Monday are limited by the growing risks and uncertainty over the American dollar. The persistence of tension around trade relations between the US and China continues to put pressure on stock markets and raw materials. And the overbought American dollar and the lack of a clear trend for the dollar is heightened by the uncertainty in the market.

At the same time, it should be noted that at the beginning of the day, data on Japan’s trade balance appeared, which turned out to be much worse than expected. But this didn’t have a significant pressure on the yen against the backdrop of the continued negative sentiment on the market and the flight of investors from risks. If such sentiments persist and the European stock indices are unhappy, pressure on the American dollar may be strengthened by safe assets.


Read also: “Fundamental analysis: The labor market and its impact on the dynamics of the national currency”

Andre Green

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