Analysis of the American Trading Session

Trading on the US session on Friday closed with the growth of the US dollar across the market, which was due to the publication of optimistic data on US employment for August. Also, support for the US dollar at the American session was provided by Trump’s statement about the intentions of introducing new sanctions on Chinese goods. As a result, the US dollar index updated at a maximum of 95.40 and opened the way to 95.50.

The further movement of the American dollar remains a limited overbought and level of 95.50, which can cause correction. The expected trading range for today are the borders from 95.50-70 to 95.30-20.

The US dollar index chart. The current price is 95.40 (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!

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