Analysis of the American Trading Session
Trades on the US session Tuesday closed at the opening of the day on the dollar index after a test of a weekly high. The reason for the correction of positions on the dollar was the expectation of the meeting of US President D. Trump and President of the European Commission Junker, where they will discuss trade relations. The expectation of this meeting provoked a correction of the American dollar against the backdrop of the possibility of resuming the trade confrontation.
The British pound strengthened at the end of the day on a statement by British Prime Minister Mae that she would personally lead negotiations on Brexit. On the other hand, the risks to the integrity of the UK government remain open after a series of resignations, so the risks per pound remain.
The US dollar index is clamped in a sideways trend, limited to a triangle and a trading range from 94.40-20 to 94.80-95.00.
The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)
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Andre Green
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