Apr. 29: American session
Tatiana Norkina, an analyst at FBS
U.S. dollar index remains stable after day growth to 79.90 and is still in plus of 0.10 %. However, statistical data on NE consumer confidence came out a bit worse than expected: 82.3 instead of 83.0. It may slightly degrade the dollar. At the same time, stock markets opened in a mixed way: DJIA jumped 0.25 %, while the S & P500 is going under the zero mark, losing about 0.05 %.
At the same time, the currency pair EUR/USD is once again collapsed to 1.3820 support after an unsuccessful test of yesterday's high 1.3880. A rapid recovery of GBP/USD was prevented by unexpectedly lower than expected UK GDP: trades are carried at the upper boundary of today's range 1.6800-1.6840.
Strengthening of the dollar contributed to the today's growth of pair USD/CHF, which is now recovered to around 0.8830. A strong resistance is held there, which can be used to resume sales. Currency pair USD/JPY failed to overcome the resistance of 102.60-102.70 once again and now corrected in 102.50.