Apr. 10: American session
Tatiana Norkina, an analyst at FBS
As usually, weekly data on applications for unemployment benefits in the U.S. was quite positive today. Instead of the expected 320 thousand applications, there have been submitted only 300 thousand of them. Note that according to revised data it is 32 thousand applications less than a week ago. Almost immediately this was followed by a further weakening of the dollar, which is again in the red zone, losing about 0.13 %. Major U.S. stock indexes are falling as well: S & P500 - -0.60%, DJIA - -0.40%.
Today's currency markets activity has increased after yesterday's consolidation. Thus, the pair EUR/USD is trading above 1.3880 now, but the GBP/USD dropped to 1.6750 support after the promulgation of the outcome of the Bank of England: the interest rate remained at the same level - 0.50 %; the current monetary policy has not changed as well.
USD/CHF continues to update lows, falling to 0.8770 area. USD/JPY goes down as well. Bulls managed to recover to around 101.95 from 101.40 lows today, but bears are increasing pressure again.