Analysis of the American Trading Session

The American session on Monday closed with an accelerated decline of the US dollar across the market. The comments of US President Trump on the discontent with the policy of the US Federal Reserve were the main driver of the dollar’s  sale. As a result, the US dollar accelerated the decline in the growth of protectionism in the US and, as a result, discontent towards President Trump.

The US dollar index remains under the pressure of Trump’s protectionism and negative sentiment. The consolidation of the US dollar index below 96.00 opens the way to 95.20 and 95.00. But further decline will be limited to the oversold of American dollar. Levels of resistance are the marks: 95.80 and 96.00.

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

Read also: “Emerging markets and their prospects: Turkish lira (TRY)”

Andre Green

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

Topical articles of the trader’s blog:

1. Collapse of the Turkish lira. A threat to the market!
2. Medium-term prospects for the US dollar for August-September
3. Emerging markets and their prospects: Chinese yuan (CNH or CNY)

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!