Analysis of the American Trading Session
The US session of Friday was closed by the collapse of the US dollar across the whole spectrum of the market, after the tweet of Trump criticizing the tough policy of the US Federal Reserve. As a result of his expectations about two Fed rate increases this year, significantly decreased, thereby setting a negative mood at the beginning of Monday.
It is also worth noting that the US dollar is oversold across the entire spectrum of the market, and the positive opening of trading on European stock markets can cause a restrained correction of the US dollar.
The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)
Read also: “Triangle Model – Trade Strategy”
Andre Green
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