Analysis of the American Trading Session

Monday trades closed with a general weakening of the US dollar across the market, which was caused by the anticipation of the results of the US Federal Reserve meeting. In addition to the fact that this session is expected to increase rates in the US, the market also expects the Fed to venture from a policy of tightening monetary policy in the future. These expectations and are the main driver for the sale of the US currency.

Thus, the breakthrough of the key support on the US dollar index at the level of 97.00 indicates the preservation of the downward dynamics and the possibility of the 96.80 support test, which in fact confirmed the diffraction of the December uptrend.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

Read also: “VSA analysis: a test of supply and demand, and the culmination of purchases and sales”

Andre Green

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

Topical articles of the trader’s blog:

1. Risky assets and how to trade them in the Forex market.
2. USA VS China – what means a delay in trade opposition.
3. Doji candlesticks. Rare species.

Current Investment ideas:

1. “Johnson & Johnson has made a new breakthrough in medicine! Shares are growing!”
2. “Earn big money on the shares of the largest US bank!”