Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trading on the American session closed with a drop of the American currency against a basket of competitors on Thursday. The reason for it was the correction of dollar positions before the Friday employment report in the USA. Corrective movement of the dollar while remaining within the existing uptrend, which confirms the continued optimism of the American dollar.

Probably, the dynamics of the US dollar before the release of the US Employment Report (NFP) will be limited to the trading range from 95.70-60 to 96.00-10. As a result, it may slow down the uptrend, which is also caused by the expectation of significant data for the United States.

The US dollar index chart. The current price is 95.80 (10-year government bonds yield is the blue line)

Read also: “Cross Rates Trading. Features

Andre Green

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

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