Analysis of the American session - Ester Holdings

Analysis of the American session

Monday’s trading closed with a sharp decline in the US dollar against a basket of competitors and an increase in demand for safe haven assets. The reason for this was the negative mood around the US – China trade agreement, which, in turn, was aggravated by the publication of doubts about the Chinese government’s readiness to conclude a deal in the conditions of maintaining trade duties, which was published in the media.

As a result, the US dollar index updated a low of 97.70, supporting safe assets, given the decline in pessimistic sentiment and oversold of the American dollar. Tuesday’s trading opened with a restrained upward correction on the weakening of pessimism, in fact, limited by the resistance of 98.00-10 and the uncertainty of the trade agreement.

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

Read also: “Cloudy prospects for the oil market

Andre Green


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

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