Analysis of the American Trading Session

Trading on Wednesday closed with the strengthening of the US dollar across the market, despite the mixed statistics on the US. The reason for the growth of the US dollar was a decrease in the trade tension  between the US and China, as a result of which investors returned to the US dollar as a more profitable asset. On the other hand, trading on Wall Street closed below zero, as the yield of state US bonds, which may indicate a high politicization of the market on statements and comments.

Also worth noting that the dollar remains in a significant overbought, thereby its high cost putting pressure on other assets. The main level of resistance for the dollar index remains the level of 95.50-60. Support is located at the levels: 95.40 and 95.20.

US dollar index Graph. The current price is 94.70 (the yield of 10-year government bonds is a blue line)

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Andre Green