Analysis of the American session - Ester Holdings

Analysis of the American session

Trading in the US trading session on Wednesday closed with growth, despite a decline in the morning. The reason for the growth of the American dollar in the afternoon was the renewal of optimism regarding the US and China trade deal. At the same time, the growth of pessimism, which was observed at the start of the day and caused a weakening of risky assets, continued, switching the market’s attention to the US dollar as a safe asset with a higher profitability.

The US dollar returned to a high of 98.00 against a basket of major competitors, after a restrained correction. Moreover, it is limited by the side channel from 98.00 to 97.80, which is associated with market uncertainty.

Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

Read also: “What does the British pound wait for with the new prime minister”

Andre Green


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