Analysis of the American session - Ester Holdings

Analysis of the American session

Trading at the US session on Tuesday closed the rapid growth of the US dollar against a basket of competitors. This was due to the expectation of a trade deal between the United States and China, and positive data on business activity in the United States. As a result, the American dollar strengthened significantly against the safe haven assets and the euro.

The US dollar index updated the current month high at the psychological level of 98.00, slowing down the downtrend of October, but turned out to be significantly overbought. The downward correction of the American dollar will be limited to marks: 97.70 and 97.50. It is too early to talk about the formation of an uptrend, as the American dollar continues to move in the side channel.

Fig. US dollar index chart. Current price – 97.80 (yield on 10-year US government bonds – blue line)

Read also: “What does the US Fed Chairman Powell
statement mean for the US dollar “

Andre Green


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