Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trades on the American session of Thursday were closed by the growth of the dollar across the market spectrum, which was due to the continued optimism and the expectation of higher rates in the US in September. Also, the American dollar was supported by the sale of the British pound and the aggravation of trade relations between the US and China.

This allowed the dollar index to close Friday’s trading by updating the highs at 95.20. At the same time, overbought American currency only increased, giving rise to a correction on the waiting for  employment data in the US.

The US dollar index chart. The current price is 95.20 ( 10-year government bonds yield is a blue line)

Read also: “Australia: the state of the economy and prospects for raising the interest rate of the RBA”

Andre Green

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

Topical articles of the trader’s blog:

  1. Emerging markets and their prospects: Turkish lira (TRY)
  2. Stock indices: the UK market
  3. In Focus: Analysis of transactions for a EUR/USD pair during week

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