Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The US trading session on Wednesday closed with restrained growth of the American dollar against a basket of competitors. As a result, Wednesday’s trading closed slightly above the opening level, but at the end of the day it was updated a low at around 95.90, indicating a potential for decline. The reason for the recovery of the dollar at the end of the day, in addition to the technical correction, was the rapid growth of the US state bonds profitability. It is also worth noting the growth of pessimism in the market, which continues to grow with the lack of data on the US – China trade talks.

The US dollar index maintains a restrainingly downward trend, despite the risks. With the continued growth of pessimism, we can expect a strengthening dollar. Significant support: 96.00 and 95.80, resistance: 96.30 and 96.50.

The US dollar index chart. The current price is 96.00 (10-year government bonds  yield is the blue line)

Read also: “Ichimoku Kinko Hyo Indicator – Works Easier Than It Looks”

Andre Green

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