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Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

Feb. 28: American session

Tatiana Norkina , FBS analyst

Today after a FOMC member Fisher’s speech dollar index fell sharply by almost half a percentage point. Quarterly U.S.GDP data negatively affected the situation. According to the statistics, in the last quarter GDP grew by only 2.4 %, while analysts had forecast an increase to 2.5%. However, the manufacturing sector in Chicago showed growth: PMI slightly less than 60 points, which even exceeded the indicators of last month. This is somewhat restrained the fall of the U.S. dollar against other major currencies. So, EUR/USD pair is reduced in the area of 1.3785, after the formation of the daily maximum of 1.3823. GBP/USD pair has rebounded from 1.6726 level and is now trading at 1.6700 figure. A little later, the market will wait the speech of FOMC member Stein, and then – the head of Bank of England Mark Carney.

The pair USD/CHF has formed a new minimum of 0.8790 in the last two years. Currently bulls correct course in the 0.8815 area. Currency pair USD/JPY reversed from the support of 101.50 and is now recovering in a region of strong resistance of 102.25.

Sudden movements are seen for the USD/CAD currency pair. Today the pair again stumbled on resistance 1.1145-1.1150 and collapsed to the 1.1080 area.

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