Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trading on the American session on Tuesday closed with a general increase in the US dollar across the market. The reason for such a rapid growth of the dollar was the optimistic comments of the US Federal Reserve representative and the growing risks associated with the market’s disappointment in the agreement between the United States and China, which actually caused an increase in market pessimism and the return of investors to safe-haven assets.

Tuesday’s trading closed at the opening of the week, that fully restored the decline in the dollar index and indicated the potential for renewed growth. The main support is the mark of 97.00, from which we can expect further growth against the background of maintaining pessimistic sentiment in the market.

The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Read also: “State bonds, as a factor to buy one or another currency “

Andre Green

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