Analysis of the American Trading Session

Wednesday US session was closed by a rapid decline in the dollar index. The reason for such a move was the growth of optimism around the trade agreement between the US and Canada and the statements of Barnier. According to the results of the statement, the minister said that the EU can make concessions to the UK, thereby giving the market hope for a soft Brexit, which is also very positive news for the euro zone economy, against which risks have significantly reduced.

The dollar closed lower on Wednesday’s results, which indicates the possibility of further decline of the American dollar, which is limited to the level of 94.50.

The US dollar index chart. The current price is 94.50 (10-year government bonds yield is a blue line)

Read also: “Internal correlation of the foreign exchange market: the Ghost of the past or the future instrument of trading?”

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 of America: Canada, Mexico and Brazil
2. Trade balance influence on the country’s economy
3. Stock indices : Asia-Pacific region

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!