Apr. 24: American Session
Tatiana Norkina, FBS analyst
Orders for durable goods in the U.S. rose by 2.6% last month instead of the forecast of 2.0%. It caused the dollar index to jump to the highest mark in the last few days 80.05. However, the subsequent unemployment data (number of applications for unemployment benefits last week rose to 329 thousand, instead of the expected 310 thousand) had a negative impact on the market: the dollar index fell to around 79.90 and is currently losing about 0.10%. Stock markets also opened with a reduction. S&P500 is losing about 0.15% and the DJIA - about 0.05%.
In currency markets volatility increased during the occurrence of specified data. Thus, the pair EUR/USD had fallen to around 1.3790 mark from 1.3830 after another speech of Draghi, who reiterated the reluctance to see an expensive euro, but at the moment it newly recovered to the area of 1.3815. Currency pair GBP/USD tested the 1.6770 support and rose to the 1.6800 figure.
USD/CHF pair fell to 0.8820 support after forming the maximum in the area of 0.8855 today. The pair USD/JPY is testing yesterday support 102.10-102.15 again, after the jump to 102.60.