Analysis of the American Trading Session

The US session on Friday closed with a significant increase of the US dollar across the market spectrum. It happened thanks to increase in the profitability of the US state bonds and datainformation that the administration of the White House is preparing to accept new duties on Chinese goods, which eventually became the reason for the American dollar growth, that  intensified correction of positions before the weekend. At the same time, the risks of trade confrontation continue to put pressure on the market, but with a much less pronounced dynamics of growth in risks and strengthening of the US dollar.

On Friday, the US dollar index was able to return to psychology at 95.00, updating the minimum at 94.40 and indicating the preservation of the downward dynamics of the American dollar. Resistance levels: 95.00 and 95.20, support: 94.80 and 94.50.

The US dollar index chart. The current price is 94.90 (10-year government bonds yield is a blue line)

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Andre Green

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

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