Mar. 20: American Session
Tatiana Norkina, analyst at FBS
The number of unemployment benefit applications in the U.S. last week was slightly lower than expected: 320 000 vs. the forecasted 325 000. This has positively affected the major U.S. stock indexes - S&P500 and DJIA have added +0.33%. The U.S. dollar index is also the green zone, adding +0.28%.
Movements in the currency markets have stopped for the moment. Thus, the EUR/USD pair is adjusting in the 1.3750 area, after testing 1.3750, while GBP/USD is back to 1.6510, having formed the minimum of the day at 1.6480.
The USD/CHF pair has corrected to the 0.8830 support level, after growing to 0.8870, thus updating yesterday's maximum. The USD/JPY pair, after skyrocketing yesterday, has been consolidating below the 102.50 resistance all day today.