June 30: American Session
Tatiana Norkina, analyst at FBS
U.S. dollar index is sticking to the Friday's gradual decline and is losing about 0.10% by the time of American session opening, keeping near an important figure of 80.00. Against the background of a positive euro zone data, mixed statistics from the U.S. restrains the bulls. Thus, PMI by Chicago Management Association has fallen to 62.6 points, from 65.5. The forecast was at 63.00. At the same time, the number of pending home sales has increased by 6.1% from 0.5% (forecast - 1.5%). The trend is probable to change upward a little later, in case of retaining the 80.00 mark. Stock markets have opened trades with different trends. DJIA is slightly below 0.05%, while S&P500 is growing, adding about 0.20% already.
Currency markets are also keeping to the Friday's trends. Thus, EUR/USD has grown to around 1.3667, GBP/USD is storming new hills in the 1.7060 area. The USD/CHF currency pair is testing the 0.8890 support, while USD/JPY has rebounded from the 101.20 support and corrected to the 101.40 area.