Mar. 19: American Session
Tatiana Norkina, analyst at FBS
Positive data on the U.S. balance of payments have triggered the U.S. dollar index to get moving today. After the statistics release, the index has increased by +0.16% and moved up to the two-day resistance at 79.65. Major U.S. stock indexes are also in the green zone, adding up to +0.10%. Against this background, the single European currency has started to weaken against the U.S. dollar, and the EUR/USD pair is back to the 1.3900 figure. The USD/CHF pair, on the contrary, has recovered to the 0.8750 resistance. Consolidation above this level may lead to further growth to 0.8825.
The GBP/USD currecny pair has decreased to the 1.6620 support level, after testing 1.6650. In the meanitme, USD/JPY is consolidating in the 101.50 area, awaiting statements from FOMC and Chair of FRS Board of Governors Janet Yellen.