Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trading on the American session on Tuesday closed with a decrease in the dollar against a basket of competitors. The main decline of the American dollar fell against European currencies and the Canadian dollar, which received a support. At the same time, the US dollar remained under the pressure from weak inflation data and expectations  of the US Federal Reserve meeting results.

The US dollar index on these expectations remains near five-day lows, fully limited to the upcoming US data and pessimistic sentiment. Before the release of statistics for the United States, the expected trading range ranged from 97.70 to 97.40. More significant resistance is located at the levels: 97.80 and 98.00, support: 97.2.97.00

Fig. The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

Read also: “Expectations from the USD/CAD pair at the end of the year”

Andre Green


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

Topical articles of the trader’s blog:

  1. Sanctions against Iran, their aggravation and impact on the world market
  2. Multifactorial analysis of the Forex market
  3. Expectations from the USD/JPY for the end of April – early May

Current Investment ideas:

  1. CAT shares give SUPER-opportunity to earn in April!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?