Analysis of the American Trading Session

The American session was closed on Wednesday with the rapid strengthening of the American dollar throughout the  market. The reason for this movement was the growth of forecasts regarding the rates increase in the US this year. At the same time, the increase in expectations is caused by the rise in producer prices, which, in turn, will positively affect the general level of inflation in the US. Also, don’t forget about the trade confrontation between the US and China, which, against the background of America’s strong positions, can help to the  dollar’s growth.

Technically, the dollar index managed to reverse the downtrend, gaining above the level of 94.40-50. A correction is possible in conditions of overbought and positive opening of trading in the Asian session.

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

Read also: “Interest rate. Analysis of interest rates changes on the basis of economic indicators “

Andre Green

Earn with the help of the trade service on the news Erste News!

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