Analysis of the European session
Monday’s close of trading session was low active due to the weekend in the USA. Therefore, activity in the market declined to zero with the closing of trading on European exchanges. The European session was distinguished by the growth of negative sentiment and the strengthening of the American dollar against a basket of competitors. The growth of the dollar throughout the day was provided by negative sentiment and general geopolitical risks, including the risks of a slowdown in the global economy.
The US currency closes with a slight increase at the end of the day, but with the update of the high at the level of 96.40, which indicated the tendency of the American dollar to grow by maintaining the upward trend of recent weeks. The limiting factor for the US dollar is the decline in the US state bonds yield and its technical overbought. As a result, a correction is possible, especially in attempts to restore stock indices.
The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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