Mar. 11: American Session
TatianaNorkina , FBSanalyst
Major American stock indexes show an increase today. So, S&P500 and the DJIA added 0.20%. But the U.S. dollar index started to decline after the publication of the "Red Book", collapsed under the 80.00 mark.
There are corrective movement in the currency markets. The pair EUR/USD found support at the level of 1.3830, from where it is currently recovering in the 1.3870 area. Currency pair GBP/USD rebounded to around 1.6630 mark after the speech of Mark Carney and the emergence of positive data in the field of industrial production.
USD/CHF pair resumed its decline after the bulls were unable to overcome the resistance of 0.8800 figure today and USD/JPY pair is consolidating in a very narrow channel in the area of 103.30.
Bears behave slightly more actively according to the pair USD/CAD. Currency pair fell to 1.1080 support from today's maximum 1.1130. The 1.1050 mark can become the nearest aim of bears.