Analysis of the American Trading Session

The US session on Wednesday demonstrated multidirectional dynamics in most instruments, which was caused by the ambiguous dynamics of the US dollar because of change in sentiment in the market. The main driver of the market movement  remain risk factors and uncertainties caused by the US and China trade relations.

As a result, the American dollar closed lower than the opening against the basket of major competitors, but he did not make key support of 95.00, which limits further decline in the US dollar index. As a result, this asset has formed a downward triangle.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

Read also: “The oil market. Prospects and expectations “

Andre Green

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices: the Japanese market
2. Emerging markets and their prospects: Turkish lira (TRY)
3. Stock indices: the UK market

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!