May 16: American Session
Tatiana Norkina, FBS analyst
Dollar slightly reacted to mixed U.S. data. So, after the appearance of a fairly strong statistics on the number of building permits issued (1.08 million vs. 1.01 million), the index of American suddenly began to fall. A little later, index of consumer sentiment of Michigan University was published (only 81.8, vs. 84.5). It has a little strengthened U.S. dollar unexpectedly, which is trading slightly above the figure of 80.00, but still in the red zone, losing about 0.03%. Stock markets also show uncertain opening. DJIA has gone into the red, losing 0.01% and the S&P is at zero mark, but with a tendency to strengthen.
Most currency pairs today is consolidating in narrow ranges. The EUR/USD pair is currently fixed on the figure of 1.3700 after testing 1.3690 support area. Currency pair USD/CHF holds above 0.8900 support. GBP/USD pair has recovered to the level of 1.6840, and then adjusted at 1.6820 mark. The pair USD/JPY holds above 101.40.