Analysis of the American Trading Session

At the end of the American session trading in US currency closed with growth, despite a decline at the start of the day. The pressure on the American dollar at the beginning of the day was due to the results of the midterm elections in the United States where Democrats received a majority in the House of Representatives, while the Republicans retained an advantage in the Senate. As a consequence, the position of the Trump administration has been shaken, but remained very confident.

The dynamics of the US currency on the growth of political risks in the United States reacted to a brief decrease, which was due to the preservation of the Republican position and the expectation of optimistic results of the US Federal Reserve meeting, which will be released today.

As a result, the US dollar index returned to growth, but is limited to the downward trend in November. Due to it a resumption of decline is possible with a test of support : 96.00 and 95.80-70.

The US dollar index. The current price is 96.10 (10-year government bonds  yield is the blue line)

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Andre Green

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