Feb. 12: American session
Tatiana Norkina , an analyst at FBS
U.S. dollar index is growing after yesterday’s support just above 80.50. Today it adds about 0.15 %. Futures on the S&P500 is trading slightly up — 0.19 %, but the Dow Jones is in limbo — losing a little more than 0.13 %. Demand for the U.S. dollar today collapsed EUR/USD pair, which collapsed from 1.3650 to 1.3560 support area after the appearance of negative euro zone data . Recall that there was formed quite an impressive resistance at the level of 1.3650 that withstood the pressure of the bulls on Monday. Today’s growth of pair GBP/USD, on the contrast, gained momentum after a positive statement of the head of the Bank of England. Now bulls storm peaks— 1.6570.
The dollar strengthened against the Swiss as well. Currency pair USD/CHF soared to around 0.9038 today, but it is corrected from this high of 0.9020 at the moment. Pair USD/JPY regained some lost ground, rising from the level of 102.20, where it collapsed this afternoon. Bulls once again are aiming for 102.60.
An interesting situation is observed on the pair USD/CAD. It collapsed again to 1.0975 support last week. Very high probability of breakdown at this level for the purpose of 1.0880 in the upcoming days.