Analysis of the American Trading Session

The American session of Monday was very mixed due to the multidirectional dynamics of the US currency. Throughout the day, the US dollar showed growth against most competitors and renewed a maximum of a year, but with the growth of optimism in the market, it retreated from daily highs. And the American session was closed at the level of opening the day, which indicates the uncertainty of the market and the tendency of the American dollar to correct.

So the US dollar index continues to trade in the correction phase, limited to the support level of 96.20. The breakthrough, which opens the way to the marks: 96.00 and 95.80. It should be noted that the general upward dynamics of the American dollar is preserved.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is a blue line)

Read also: “Fundamental Analysis: The Impact of GDP Indicators on World Currencies”

Andre Green

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

Topical articles of the trader’s blog:

1. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
2. Stock indices: the Japanese market
3. Emerging markets and their prospects: Turkish lira (TRY)

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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!