May 29th: American session
Tatiana Norkina, an analyst at FBS
The appearance of the data on pending home sales in the U.S., worse than expected, weakened the U.S. dollar a little, its index is currently reduced to 80.50, down about 0.13 %. At the same time, the number of applications for unemployment benefits last week fell to 300 thousand, although the expected delivery was up to 318 thousand. Because of the mixed data, U.S. stocks opened uncertainly, the major indexes are around zero as a percentage change.
Consolidating takes place in currency markets today. The EUR/USD is held above support 1.3595, GBP/USD is trading slightly above the figure 1.6700. At the same time, the USD/CHF fell to 0.8960 support, after it could not overcome the two-days resistance of 0.8980, and the pair USD/JPY is testing support 101.50 again.