Analysis of the American session - Ester Holdings

Analysis of the American session

The US trading session on Tuesday closed with a strengthening of the dollar index against a basket of competitors. The growth of the American dollar was traced across the market and was associated with optimistic market expectations regarding the upcoming trade negotiations to be held this week. Amid the growth of the dollar, the US dollar index managed to exit the side channel, which serves as a signal for the development of an uptrend.

The US – China trade talks continue to be the main driver of the US dollar and the market in general. Data on toughening visa restrictions on the part of China for the US citizens was regarded as a deterioration in relations between the countries in anticipation of trade negotiations, causing a downward correction of the US dollar to Tuesday’s trading levels. The US dollar index was under the pressure, maintaining an upward dynamics. It is limited by support levels: 99.00 and 98.90, resistance: 99.20 and 99.40.

Fig. The US dollar index chart. Current price – 99.00 (10-year US government bonds yield – blue line)

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Andre Green


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