29 July: American session
Tatiana Norkina, an analyst at FBS
U.S. dollar index today is significantly enhanced by adding at the session opening about 0.16%. Later, at around the 18-00 GMT+3 statistical data on consumer confidence in the U.S. for the last month is expected to be released. However, a strong change in the index is not assumed. Therefore, the dollar may continue to strengthen. Stock markets opened with upward gap. The DJIA added about 0.20% and S & P500 - just over 0.15%.
In the currency markets U.S. dollar strengthening against most world currencies is observed. Thus, the EUR / USD pair broke down to 1.3430, setting a new minimum at 1.3410, the GBP / USD boosts support at around 1.6930/1.6935. The USD / CHF currency pair has established a new high (0.9062) over the past five months, breaking the resistance of 0.9050 level. The USD / JPY is also marked by bulls activation, but resistance of 102.10 still remains. Securing above the figure of 102.00 could bury the bearish hopes for a speedy breakdown of 101.20/101.40 support.