Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The US session closed with a general decline of the US currency against a basket of competitors on Wednesday . The pressure on the US dollar was caused by the growth of pessimism in the stock markets and one of the strongest sales of shares on Wall Street over several months. An additional factor in the decline of the US dollar was information that the Brexit negotiations are over 80%, thus causing the growth of the euro and the British pound. The main leaders of growth in addition to European currencies remain safe harbor assets, which received support from the reduction of stock indices and the US state bonds.

The US dollar index closed trading on Wednesday with a test of the lower boundary of the trade channel and support of 95.40. It is worth noting that a significant oversold of the American dollar limits its decline. With the resumption of pessimism in the stock markets, pressure on the dollar may resume.

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

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