Analysis of the American Trading Session

Wednesday’s trading closed for the US currency with a significant increase in risk retention in Europe and a very optimistic US Federal Reserve protocol. At the start of the day the strengthening of the American currency was due to the risks of the Italian budget and data about the slowdown in the Brexit negotiations. As a result, the US dollar showed a long increase, which alternated with short flats. By the end of the day the US Federal Reserve meeting minutes were released and greatly supported the dollar, after it the American dollar accelerated its strengthening.

As a result, the US dollar index fixed above 95.50 and continues to test the resistance of 95.70. Further strengthening of the dollar will be limited to overbought and significant psychology 96.00.

The US dollar index chart. Current price – 95.70 (10-year government bonds yield  – blue line)

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Andre Green

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

Topical articles of the trader’s blog:

1. Prospects for recovery of emerging markets.
2. Trump presidency results (1/2).
3. Trump presidency results (1/1).

Current Investment ideas:

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