Analysis of the American Trading Session

As a result of trading on Thursday, the US dollar strengthened across the market, helped by the statements of the US Federal Reserve to further increase rates in accordance with economic indicators. Such a Fed decision was expected, and the dollar showed moderate growth throughout the day.

The main upward movement of the US dollar index fell on the publication of the Fed’s protocol, causing a significant increase. As a result, the US dollar index broke the downward trend, indicating the possibility of forming an uptrend in the correction. At the same time, the strengthening of the US dollar is limited by resistance levels: 96.90-97.00 and 97.20. Support is located at 96.50.

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

Read also: “Prospects for recovery of emerging markets”

Andre Green

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

Topical articles of the trader’s blog:

1. Market activity depending on the days of the week
2. Dow Theory – The trand is confirmed by volume!
3. Dow Theory – The price discount all the news!

Current Investment ideas:

1. “3 reasons to buy  Cisco Systems Inc. shares”
2. “It’s time to hit the jackpot on the sale of McDonalds shares!”