Analysis of the American session - Ester Holdings

Analysis of the American session

Trading in the US session on Tuesday closed with a general decrease in the US dollar across the market. The weak statistics on business activity in the US manufacturing sector was the reason for it. Against this background, pessimistic sentiments and fears regarding the consequences of the trade war resumed sharply.

The US dollar index fell significantly against a basket of competitors, and  slowed the weekly upward trend. General dynamics of the American dollar remained upward, despite the correction after growth, but indicated the possibility of forming a flat or reversal in the conditions of inability to gain a foothold above resistance levels: 99.50 and 99.70.

Fig. US dollar index chart. Current price – 99.330 (10-year US government bonds yield – blue line)

Read also: “The risks of a trade war are back”

Andre Green


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