Analysis of the American Trading Session

During the American session on Tuesday, May 1, 2018, the US dollar strengthened its positions against most of the major market currencies. The main support for the US currency is provided by the high profitability of the US state bonds. In turn, weak data from the ISM kept stronger strengthening of the US currency. For more details, see “The US dollar slowed growth. Data from the ISM USA”.

The British pound continued to fall in price against the US dollar in the course of the US trading. In addition to the strong position of the US dollar, the weak stats continued to exert pressure on the pound. For more details, see “The pound is under pressure. Data on the manufacturing sector of Great Britain”.

Alexander Sivtsov