Analysis of the American Trading Session

Trades in the US session were closed by the growth of the US dollar against the basket of competitors. The reason for the resumption of growth in the US dollar was the resumption of investors’ flight from the risks of growing tension around the crisis in Turkey. Also, the dollar was supported by the growth of the US state’s bonds yield  and the preservation of negative sentiment in the market.

As a result, the US dollar index updated at a maximum of 96.80, which was updated in the Asian session. The US dollar index continues to maintain an upward trend, limited to overbought and upper border of the trading channel. The main driver of the US dollar’s growth remains the growth of risks around the Turkish lira, which, first of all, affects the euro and risky assets.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is a blue line)

Read also: “Trade war and its prospects”

Andre Green

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

Topical articles of the trader’s blog:

1. Medium-term prospects for the US dollar for August-September
2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
3. Stock indices: the Japanese market

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!