Analysis of the American Trading Session

Trading on Tuesday closed with a dollar’s decline against the basket of major competitors, amid rising optimism and positive dynamics of stock indices, despite the fact that the US session was trading with the growth of the dollar against the background of correction after a decline in European trading.

As a result of Tuesday, the dollar index significantly slowed growth and updated support for 95.00, which indicates the decline tendency of the American dolla  and the formation of a reversal.

The US dollar index chart. The current price is 95.00 (10-year government bonds yield  is a blue line)

Read also: “Trading Against the Trend Using Examples”

Andre Green

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

Topical articles of the trader’s blog:

1. Stock indices: the Japanese market
2. Emerging markets and their prospects: Turkish lira (TRY)
3. Stock indices: the UK market

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1. Preparing to have profits on an optimistic report of Alcoa Inc.!
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