Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Friday trades on the US session closed in different directions on the dollar index, because of mixed employment data in the US and  statements of the People’s Bank of China. As a result, tradings for the American dollar closed multidirection near the weekly high, thereby maintaining the upward dynamics of the American dollar on the optimism on monetary policy tightening, but also indicating the possibility of correction from the resistance level of 95.40-50. The level of resistance is limited to support levels: 95.20 and 95.00.

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

Read also: “Emerging markets and their prospects: Mexican Peso (MXN)”

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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