Analysis of the American Trading Session

The US Friday session closed with a restrained strengthening of the US dollar across the market. The American dollar also significantly slowed growth on weak the US GDP data. In conditions of overbought dollar and the opening of the new week, it indicates a correctional movement against Friday. The dynamics of the market as a whole is aimed at weakening the US currency, which, however, is limited to maintaining general upward trend.

With the opening of trading in the new work week, the American dollar and most of the major pairs are trading against Friday and are aimed at weakening the dollar. It is especially evident in commodity currencies, due to reduced risks.

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

Read also: “The US Dollar Index (DXY) as an auxiliary indicator for trading in safe-haven currencies”

Andre Green

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