Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The US Friday session closed with a weaker US dollar against a basket of competitors. The reason for this was the weak expectations for inflation in the US, despite the growth of the economy. Thus, the US GDP exceeded all market expectations, but the GDP deflator slowed down significantly. This heightened concerns about inflationary pressures, which are likely to slow down more than expected. The US dollar has come under the pressure across the market amid a slowdown in inflation and expectations of the very low-key rhetoric of the Fed, which will take place this week.

In the American session, the US dollar index updated a low at the level of 97.85, which significantly slowed the upward trend and moved to the correctional trend. Under conditions of waiting for soft rhetoric from the Fed, the US dollar index remains under the pressure. Significant levels of support are the marks: 97.80 and 97.60.

Fig. The US dollar index chart. The current price is 97.90 (10-year government bonds yield is the blue line)

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Andre Green


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