Analysis of the American Trading Session

Trading on the US session Tuesday closed a low-key decline in US stock exchanges, which supported the correction in the US dollar after growth. Despite the optimistic statistics on the US and the preservation of risks relative to the trade confrontation, the dollar moved to correction by the end of trading on Tuesday, thus easing overbought after rapid growth.

Because of the continuing risks on the market, at the start of trading on Wednesday the dollar resumes growth again, relying on the same drivers, while it is less overbought, but still limited by 95.70 resistance. This level remains very significant, and breaking through yesterday’s high will open the way to psychology at 96.00.

The US dollar index chart. The current price is 95.60 (10-year government bonds yield is a blue line)

Read also: “Stock indexes: the UK market”

Andre Green

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

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1. Swedish Krona. Features of trading Scandinavian currencies
2. Norwegian Krone. Features of trading Scandinavian currencies
3. Stock indices of America: Canada, Mexico and Brazil

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