Aug. 18: American Session
Tatiana Norkina, analyst at FBS
The US dollar index has kept hold above the 81.40 support today. Bullish sentiment is noticable at the American session opening, which stimulated the index to add more than 0.15%. Stock markets are also on the rise: DJIA has opened with a gap-up and is currently in the green zone - +0.80%, while S&P500 is adding over 0.65%. Important macroeconomic indicators are not expected today.
Currency markets are also witnessing strengthening of the dollar positions against other major currencies. Thus, EUR/USD has bounced down from the 1.3400 figure and is now in the area of Friday's lows - 1.3360. The USD/CHF currency pair has risen to 0.9060. GBP/USD has failed to overcome the 1.6730 resistance and is decreasing into the 1.6720 area. In the meantime, bulls are restoring the USD/JPY rate to the 102.60 mark - bullish sentiments is obvious to remain.