Mar. 26: American session
Tatiana Norkina, an analyst at FBS
Basic orders for durable goods in the U.S. showed a smaller increase today, compared with the predicted one: 0.2% vs. 0.3 %. Note that in the last month there was an increase of 0.9 % on revised data. It did not affect the dynamics of the U.S. index today, which is still recovering at +0.15 % after yesterday's evening dip. Major U.S. stock indexes grow up by +0.21 %.
In currency markets, strong movements are observed. The EUR/USD consolidates below the figure of 1.3800, GBP/USD storms the resistance 1.6570.
Currency pair USD/CHF tested the strength level of 0.8870 once again, but resistance has stayed same, forcing prices down to around 0.8845. USD/JPY has recovered to the level of 102.45, but could not resist and fell to 102.35.