Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trades at the American session on Wednesday closed with a sharp increase in the US dollar against most of its competitors, but then a similar rapid pullback followed. A more pronounced movement was traced in currency pairs with the American dollar and the British pound, the yen, the Australian dollar and the New Zealand dollar. There was no unambiguous signal for multidirectional trading at the end of the American session, which was largely due to the low liquidity that persists in the market after the New Year celebration. But it is also worth noting the fact that the US state bonds profitability weakened significantly, and the US stock indices remain under pressure, despite an attempts to growth.

From the start of the day, the US dollar index has been trading lower on the correction against yesterday’s growth, limited to support levels 96.50-40, while maintaining an upward trend after growth at the start of the year and limited to resistance levels: 97.00 and 97.20.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)

Read also: “GDP of the world’s fast-growing economies”

Andre Green

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

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