Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

On Friday, trading in the US session closed lower US dollar across the market spectrum, which was caused by the publication of  US GDP data. Despite the fact that the data coincided with the forecast, the real value disappointed the market, because it was expected more significant growth in this quarter.

Closure of Friday trading below the opening level indicates the preservation of risks in the US currency and is likely to limit the dollar in growth on a very calm news background Monday. The US dollar index is limited to the support level of 94.60.

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

 

Read also “Momentum of Elder – Profitable Forex Strategy”

Andre Green

 

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