Analysis of the American session
The US session on Tuesday closed with a significant increase in the US dollar across the market. The American dollar was supported by positive data on the US retail sales, which markedly reduced concerns about a slowdown in the US consumer inflation. Also, the American dollar was supported by the decline of the euro and the British pound and the exacerbation of tensions in the US-China trade relations.
Due to this, the US dollar index has updated a high of 97.40, returning to an upward trend. But it turned out to be significantly overbought and limited by resistance levels: 97.50 and 97.60.
Fig. The US dollar index dollar. The current price is 96.40 (10-year US government bonds yield is the blue line)
Read also: “Swiss franc (CHF) –
features of trading on cross-rate»
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- The trade war. Relations between Japan and South Korea
- The Japanese yen: expectations and prospects.
- US and China return to the negotiation table
Current Investment ideas: