Analysis of the American session - Ester Holdings

Analysis of the American session

Trades at the American session on Monday closed with a moderate decline of the American dollar against most of the main competitors, which actually completely offset the attempts to restore the dollar at the start of the day. The overall dollar dynamics remained low and limited within the daily trading range. The reason for the restraint and the decline in the dollar was the risk of exacerbation of trade tension and criticism of the US Federal Reserve by the US President D. Trump.

As a result, the US dollar index rebounded from the resistance zone 96.90 and resumed the downward trend. Significant support is located at the levels: 96.70 and 96.50, test of which is expected on the decline of the American dollar.

Fig. The US dollar index chart. The current price is 97.80 (10-year US government bonds yield is the blue line)

Read also: “Stock Indices: European Union”

Andre Green


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