Analysis of the American Trading Session

Trades in Wednesday US session closed with the growth of the US dollar across the market spectrum, the reason for which was the optimistic employment data from ADP and the growth of the US state bonds yield. Against the background of positive expectations from the US Employment Report (NFP), the demand for the US currency has significantly increased. As a result, the US dollar index has overcome significant resistance 96.00.

Further growth of the US dollar is likely to be limited by its overbought and correction of positions before the Friday employment report in the US. Therefore, movement to the lower boundary of the upward channel on the US dollar index is not excluded.

The US dollar index chart. The current price is 95.30 (10-year government bonds yield is the 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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