Mar. 13: American session
Tatiana Norkina, an analyst at FBS
After the release of positive data about U.S. labor market and retail sales, the U.S. dollar index tries to recover in the 79.50 mark, but is still in the red zone, losing about 0.25 % at the moment. Major U.S. stock are indexes also being reduced. S&P500 is - 0.15%, DJIA is - 0.25%.
Against this background, the currency pair EUR/USD fell down to 1.3930 support after forming a high of 1.3966. GBP/USD pair is reduced to a powerful level of 1.6675. Note that the auction for this pair were very active today; bulls were reducing the rate to 1.6710 resistance area.
USD/CHF continues to update lows. Bears reduced pair to a figure of 0.8700. Currently trades are carried by 20 pips above. Currency pair USD/JPY has fallen to around 102.30, the pressure of bears increases.
USD/CAD pair corrected in the area of 1.1045 after yesterday's failed attempt to break the resistance of 1.1145.