Apr. 3: American session
Tatiana Norkina, an analyst at FBS
Many important macroeconomic indicators that were published today increased market volatility. Thus, thanks to the negative news on the U.S. labor market (the number of applications for unemployment benefits have risen to 326 thousand, while analysts had forecast an increase to 317 thousand) and to the increase in the trade deficit to the level of -42.30 billion, index of U.S. dollar sank to a mark of 80.26. But then, on expectations of ECB President, after the meeting the situation has changed and now the index adds about 0.30 %. Major U.S. stock indexes are near zero, but with negative dynamics.
The currency pair EUR/USD has quite nervously reacted to these events by falling to 1.3700 figure. USD/CHF, by contrast, soared to around 0.8925, returning to five-week highs earlier.
GBP/USD pair finally continued to decline by breaking through 1.6620 support. Trades are conducted just above today's low 1.6570.
USD/JPY formed a new maximum of 104.10 today, but it is clear that it is a hard time for the bulls to maintain the uptrend. The pair has adjusted around 103.85.