Analysis of the American session

Monday’s trading closed with a general strengthening of the US dollar across the market. The reason for this was the sale of oil reserves in the United States in order to reduce the deficit formed after the attacks on oil refineries in Saudi Arabia. Thus, the demand for American currency as a safe haven asset and oil import currency increased.

Against this background, the US dollar index closed Monday trading near the level of 98.70, thereby indicating the resumption of growth. But it turned out to be limited by overbought and the expectation of the rates cut in the United States, actually limiting itself to a side channel from 98.70-80 to 98.50-40.

Fig. US dollar index chart. Current price – 98.60 (10-year US government bonds yield – blue line)

Reaf also: “Gold in the light of current events.
How long is its growth?”

Andre Green

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

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