Feb. 13: American session
Tatiana Norkina , an analyst at FBS
The index of the dollar decreases (-0.46 %) after disappointing data on applications for unemployment benefits. According to the U.S. Labor report, the number of applications increased to 339 million last week versus analysts' expectations of 330 thousand. In addition, a negative trend was showed by retail sales decreased by 0.4 %. Stock indexes drop as well: S&P500 is losing about 0.21%, DJA - about 0.25 %. Against this background, the pair EUR/USD fell from 1.3690 to today's high 1.3660 area, but tries to continue the recovery from the 1.3670 mark now. GBP/USD has formed a maximum at the level of 1.6675, but can’t stay on this level yet because of overbought short-term market. Currently the pair is corrected near 1.6640, after the formation of a session low 1.6625.
Currency pair USD/CHF formed session and daily lows at 0.8917, followed by the start of the corrective recovery, forming candlestick pattern "hammer" on the hourly timeframe. Trades are conducted in the area of 0.8940. USD/JPY pair is reduced at the figure 102.00 from today's low of 101.70, where it had fallen during the day.
USD/CAD pair consolidated above $ 1.0975 the second day in a row. Prices jumped to around 1.1025 on the quite negative news from the Canadian, but bears stepped up the pressure again and pair decreases to 1.0990.