July 15: American Session
Tatiana Norkina, analyst at FBS
Mixed economic data are preventing the U.S. dollar index from growing today. Nevertheless, there is a possibility of a break through the 80.30 resistnace, under which the index has been consolidating for the past three days. Stock markets have opened positively, adding by 0.25%. Traders are awaiting FRS Chairman J. Yellen's speech, to begin at 18:00 GMT+4.
Consolidation is prevailing on the currency markets, with a bias towards strengthening of the dollar. The EUR/USD pair has remained under 1.3620 and even slid to the 1.3600 figure. USD / CHF has rebounded to 0.8930, having broken up through the five-days range. The USD/JPY currency pair has failed to break through 101.60 and is tending to decrease to the 101.40 area. Strong bullish sentiment has arisen on the GBP/USD pair after inflation data release: the rate has skyrocketed by over a figure - to the 1.7170 mark - after updating yesterday's lows.