Analysis of the American session
On Monday the US trading session closed with a decrease in overall market risks and a resumption of demand for risky assets. The reason for such a dramatic change in market sentiment was the announcement of Trump, who suggested that the United States and China return to the negotiating table. This caused a decrease in the risks of the aggravation of the trade war.
A significant increase in optimism is observed in the market against the background of a radical change in rhetoric in the trade confrontation and the possibility of resuming trade talks, which may weaken trade conditions or delay new duties. First of all, it is associated with stock indices and commodity assets. The dynamics of the American dollar is limited by correction after growth despite the reduction in risks, but it is likely to resume upward dynamics in the face of growing optimism.
Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)
Read also: “How Real is the Currency Intervention in the US”
Andre Green
Earn with the help of the trade service on the news Erste News!
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