Analysis of the American Trading Session
The US session on Friday closed with the growth of the dollar across the entire market spectrum on the growth of risks and a decrease in the euro due to concerns about European investments in the Turkish economy, which in turn provoked a wave of negative sentiment in the market and the growth of safe assets.
The dollar index, despite all the negative in the market, did not manage to overcome the level of resistance at 96.50, which, against the background of the overbought dollar and the absence of negative data for the market, can become a significant level for the reversal. The main support levels are: 96.20 and 96.00. The drivers of the market are the stock indices and general moods, heavily dependent on the fundamental factors.
The US dollar index chart. The current price is 96.30 (10-year government bonds yield is a blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Emerging markets and their prospects: Chinese yuan (CNH or CNY)
- Stock indices: the Japanese market
- Emerging markets and their prospects: Turkish lira (TRY)
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- Preparing to have profits on an optimistic report of Alcoa Inc.!
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