Analysis of the American session

Monday’s trading closed with a restrained movement of the US dollar against a basket of major competitors. In addition to low activity at the start of the week, the Brexit deal was uncertainty for the market, which remained in the market after the postponement of the vote in the UK Parliament regarding the Brexit deal. Against this background, the market slowed down against the US dollar and moved to sideways movement.

The US dollar index closed the day near the level of 97.30, thereby moving from monthly lows. This can be regarded as restrained attempts of correction after the decline, continuing to maintain a downtrend and limited by resistance levels: 97.40 and 97.70, support: 97.20 and 97.00.

Fig. US dollar index chart. Current price – 97.30 (10-year US government bonds yield – blue line)

Read also: “Gold forms a reversal.
Correction before the resumption of growth”

Andre Green

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