Analysis of the American Trading Session

The American session of Thursday was closed by the restoration of the US dollar against the basket of major competitors. The reason for this movement was the repayment of the index from the daily low at 96.30 and the growth of the US state bonds yield, which became the driver of the dollar’s growth.

At the same time, the dynamics of the dollar index and the market as a whole remains a limited sideways trend and uncertainty in the market, which is associated with a change in sentiment and possible risks. The main levels of support for the US dollar index continue to be the marks: 96.50 and 96.30.

The US dollar index chart. The current price is 96.60 (10-year government bonds yield is a blue line) 

Read also: “Trade in currency baskets” 

Andre Green

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

Topical articles of the trader’s blog:

1. Medium-term prospects for the US dollar for August-September
2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
3. Stock indices: the Japanese 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!