Feb. 25: American session
Tatiana Norkina , an analyst at FBS
Unexpectedly low indicator index " CB Consumer Confidence " ( 78.1 points against the projected 80.00 ), published today, have had a positive impact on the U.S. dollar index. Immediately after the publication, index jumped to around 80.30, although it decreased to 80.05 during the day . Now the index is trading near zero, with a slight advantage of bulls. U.S. stock indexes are also trying to get back into the green zone, but in the beginning of the session they lose S & P500 - about 0.08%, DJIA - about 0.03 %. Against this background, the pair EUR/USD had fallen to around 1.3715 after the recent high near 1.3770 resistance today. A GBP/USD pair dropped to the level of 1.6640 to 1.6720 today's high. It should be noted that bears held 1.6720 from February, the 18th.
Dollar has grown against the Swiss franc as well. USD/CHF has returned to the levels of today's opening - 0.8890, testing the 0.8850 support once again. But the situation on the USD/JPY pair can be very troublesome for buyers. During the day, the pair declined to 102.00 figure, from which there was a rebound now. But the rebound is slight, 17 pips only. In the breakdown of the figures, the possibility of renewed short-term downtrend increases dramatically .
USD/CAD pair is restored to the figure of 1.1100 after it found support at 1.1050. But the bulls are not strong enough at the moment to complete the correction. The purpose of 1.1000 is still relevant for the bears.