Mar. 25: American session
Tatiana Norkina, an analyst at FBS
U.S. dollar index was recovering to around 80.33 today, but it turned in the opposite direction after the data on new home sales that do not meet analysts' forecasts. Nevertheless, the daily dynamics remain positive, and the index itself adds about +0.20 %. Grown today and major U.S. stock indices : S & P500 - +0.27%, DJIA - +0.33%.
Currency markets are restless. EUR/USD pair dropped to the level of 1.3780. What is more, the bears continue to advance. GBP/USD, on the contrary, are gaining momentum buying. Bulls used today's support 1.6480 and recovered prices to yesterday's highs of 1.6535.
Yesterday's crash did not stop the today's recovering of USD/CHF, which is currently trading just below today's high 0.8850. The repeated attempt of bulls on pair USD/JPY to 102.60 level was repulsed by bears at around 102.50. At present there is depreciation in the level of 102.20.