Analysis of the American Trading Session

The American session on Thursday closed with a decrease in the dollar on the renewal of risks around the US budget despite the attempts of dollar’s adjustment. It resumed the negative sentiment on stock exchanges and provoked the collapse of stock indices on Wall Street.

As a result, Thursday’s trading closed on the US dollar index near the monthly lows at 96.20, indicating that the general negative sentiment on the dollar and keeping the downtren, which persists as long as the index remains below 96.50. Significant support is located at the levels: 96.20 and 96.00-95.90.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Read also: “The concept of the market’s driver and what shout we pay prior attention to in trade”

Andre Green

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

Topical articles of the trader’s blog:

1. Expectations from the USD/CAD pair at the end of the year!
2. Safe assets and how to trade them in the Forex market.
3. Risky assets and how to trade them in the Forex market.

Current Investment ideas:

1. “Earn big money on the shares of the largest US bank!”