Analysis of the American Trading Session

Trading on the American session on Friday closed with a widespread decline in the US currency. The reason for it was the very negative comments of the US Federal Reserve representative, Clarida, regarding the slowdown of the global economy and inflation in the United States, which actually put pressure on the possibility of further increases in US rates.

As a result, the US currency closed the day with a significant decline against the basket of major competitors, updating a week’s low at 96.40, which actually confirmed the tendency to decline, but is limited to the lower boundary of the trade channel, which, in turn, provides significant support.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “Analysis of Japanese candlesticks – the main candlestick patterns”

Andre Green

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

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