Analysis of the American Trading Session
The US session on Thursday closed with restrained trading for most major currency pairs, which was caused by the lack of significant drivers for the movement. British pound showed a marked increase. The pound received support from reducing political risks in the UK because of the failure of the impeachment announcement to the British Prime Minister and the possibility of a second Brexit referendum. The market as a whole is trapped in lateral dynamics.
The US dollar index closed on Thursday at the opening of the day, maintaining the lateral dynamics and uncertainty on the possibility of changing trends. Thus, the significant resistance continues to be the level of 96.20-30, the support of 96.00-95.90.
The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the blue line)
Read also: “Government bonds as a leading indicator of the foreign exchange market”
Andre Green
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