Analysis of the American Trading Session

Trading on the US session on Monday closed with a general decline of the US dollar across the market. The reason for the sale of the American dollar was the preservation of positive sentiment in the market, which was strengthened by the data that Mexico and the US managed to reach an agreement on NAFTA, which became a driver for the growth of the reduction of tension around the US trade confrontation and, as a consequence, the reduction of the American currency.

At the end of the day, the American dollar against the basket of major competitors updated the low of August at 94.70, thereby confirming the tendency to decrease and slowing the general upward trend on the US dollar index.

The US dollar index chart. The current price is 94.70 (10-year government bonds yield is a blue line)

Read also: “Analysis of a successful deal on  Facebook stocks!”

Andre Green

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

Topical articles of the trader’s blog:

1. Trade balance influence on the country’s economy
2. Stock indices : Asia-Pacific region
3. Collapse of the Turkish lira. A threat to the 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!