Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The American session of Thursday was marked by the collapse of the US currency across the entire spectrum of the market, which was caused by Trump’s concern about the strong US dollar and the US Fed’s monetary policy. Also, the US president added that a strong dollar causes fears and makes US exports more expensive. This was eventually perceived as a negative factor in the US currency and increased the risk of raising rates in the future. This statement also increased the risks of protectionism in the US, as presidents often do not interfere in the Fed’s policy.

As a result, the US dollar index is traded near the psychology of 95.00, the breakout of which will open the way to support 94.80. Resistance is the level of 95.20-30.

The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)

 

Read also: “Elliott Waves: Zigzag and Plane”

Andre Green

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

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