Analysis of the American Trading Session

The US session closed with another dollar increase across the market in response to the persistence of risks and concerns on stock indices on Thursday. Stock markets remain dominated by sentiment and corporate reporting despite the positive closure of trading on Wall Street. The US dollar is being traded mainly with a strengthening against the background of possible risks, having received additional support from the decline of the euro on restrained comments from the ECB President.

The US dollar index continues to trade in an uptrend, limited to overbought, while maintaining the potential for growth, limited to resistance levels 96.80 and 97.00. Support is located at the levels: 96.50 and 96.30-20.

The US dollar index chart. The current price is 96.60 (10-year government bonds yield is the blue line)

Read also: “The Central Bank of Canada – thr Prospects for Monetary Policy”

Andre Green

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

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