Analysis of the American Trading Session

Trading on Thursday closed with a general increase in the US dollar against most major competitors. The reason for the growth of the American dollar was the flight of investors from risks and maintaining optimism about the US currency after the publication of the US Federal Reserve protocol. Also, do not forget about the risks in Europe, Italian budget and Brexit negotiations, which became the driver for the sale of European currencies.

As a result, in the American session, the US dollar index managed to break through the resistance of 95.70 and came close to the psychological resistance of 96.00, from which the formation of a low-key correction against yesterday’s growth can be traced.

The US dollar index chart. Current price – 95.90 (10-year government bonds yield – blue line)

Read also: “TOP 5 books on crypto currency”

Andre Green

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

Topical articles of the trader’s blog:

1. The US economy continues its growth, confirming the rates hike policy.
2. Prospects for recovery of emerging markets.
3. Trump presidency results (1/2).

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!