Analysis of the American session

Thursday’s trading closed with moderate market movement in the side channels for most major currency pairs. The exception was the commodity currencies: Canadian, Australian and New Zealand dollars, which received support on the rethe cocovery of the raw materials costs and maintaining optimism.

General market restraint is associated with the preservation of the US – China trade tension and the lack of progress on this issue. The dollar index maintains a weekly flat on general market restraint, which reduces volatility. This can serve as a signal to wait for movement and exit from the side channel.

Fig. The US dollar index chart. Current price – 97.50 (10-year US government bonds yield – blue line)

Read also: “Expectations from the NZD/USD pair at the year’s end”

Andre Green

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

Topical articles of the trader’s blog:

1. A new round of trade war: duties, restrictions, prospects
2. The results of the July Fed meeting for the market
3. Trade signals results for half a year