Analysis of the American Trading Session

Trading on the American session on Thursday closed with a general increase in the US dollar, which was mainly traced against the euro and safe haven assets. The driver for the growth of the dollar was very optimistic data on the US GDP and growing pessimism on the US – China trade talks.

As a result, the dollar broke the long downward dynamics, than indicated the possibility of a correction against the decline. On the way to the continuation of the strengthening of the US dollar against the euro stands the level of 1.1360. The US dollar index also found significant resistance near the 96.30, from which a moderate correction is expected.

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

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Andre Green

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