Analysis of the American Trading Session
Trades on the American session Tuesday were closed by a restrained correction of the dollar across the market amid positive data on the US and a technical correction to break from the lows of the month. Also, the dollar was supported by the rapid growth of the US state’s bonds yield , which peaked in the last two weeks.
The dynamics of the US dollar remains focused on correction, but is limited to the level of 95.00, which is also caused by the correction of the dollar positions ahead of the upcoming news.
The US dollar index chart. The current price is 94.80 (10-year government bonds yield is a blue line)
Read also: “The economy of Mexico – it’s time to pay attention to the Mexican peso”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Stock indices of America: Canada, Mexico and Brazil
- Trade balance influence on the country’s economy
- Stock indices : Asia-Pacific region
Current Investment ideas:
- Preparing to have profits on an optimistic report of Alcoa Inc.!
- On weak reporting of Boeing shares we can get a strong income!