State of the market: dollar recovers after another wave of decline - Ester Holdings

State of the market: dollar recovers after another wave of decline

Wednesday trading opened with restrained strengthening of the US currency after a wave of sales. The reason for the rapid decline of the dollar on Tuesday was the advancing of the US – China trade talks. As a result, the US currency remains under pressure in the long term.

Despite the weakness of the US dollar, the USD/JPY pair remains upward. The reason for the stronger weakness of the Japanese yen is the growing optimism and weak statistics on the trade balance of Japan.

From the start of the day the US dollar index has been trading near significant support at 96.50, limited to the downward channel and oversold. The downward trend in the American dollar is maintained at the trade negotiations. Significant support level on the American dollar continues to be: 96.50 and 96.20, resistance: 96.70 and 96.90.


Read also: “The US Federal Reserve (Fed) and prospects for further tightening of monetary policy”

Hanzenko Anton

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

Topical articles of the trader’s blog:

  1. Gold. Expectations March 2019!
  2. Gold. Expectations for February and March 2019
  3. Features of trading within a week

Current Investment ideas:

  1. Ready instruction to income! Earn with #CAT!
  2. Aerospace Corporation brings a cosmic income!

Аналитическая рассылка

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

Вы с украины?