Apr. 1: American Session
Tatiana Norkina, analyst at FBS
The Manufacturing Index (ISM) in the U.S. has risen slightly in the past month - to 53.7 - although analysts had predicted an increase to 54.0. Right after the news publication, the U.S. dollar index began to strengthen, however it is still in the red zone, losing about 0.03%. At the same time, the major U.S. stock indexes are growing today. S&P500 is adding about 0.56%, DJIA - 0.50%.
The U.S. dollar is strengthening in currency pairs as well. Thus, since the beginning of the American session, the EUR/USD pair has decreased to the 1.3790 support level, after unsuccessfully testing yesterday's maximum in the 1.3810 area. In the meantime, USD/CHF is back to 0.8830, having updated its minimums and falling into the 0.8810 area.
The GBP/USD pair is under the bears' pressure today, sliding to the 1.6630 area at the moment. The USD/JPY currency pair has broken the 103.40 resistance and rushed to new maximums for the past four weeks - the bulls are storming 103.60.