Analysis of the American Trading Session

Trades on the American session closed with a significant dollar’s increase  across the market spectrum on Thursday. Signals from the US Federal Reserve on further tightening of monetary policy and positive data on US GDP continued to provide support for the American dollar. Also  political risks in the euro area  supported the American dollar against the euro, namely information that the budget in Italy can be postponed. It served as a signal for the growth of negative sentiment.

The American dollar on Thursday’s results significantly strengthened against most of the main competitors and thus was in a significant overbought, and the US dollar index approached the psychological level of 95.00, from which we should expect a restrained correction under these conditions.

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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