Sep. 11: American Session

Tatiana Norkina,  FBS analyst

Index of the dollar has fallen to the level of 84.25 after the negative data on the labor market. The number of applications for unemployment benefits rose to 315 thousand last week, though there was an analyst forecast of decline to 300 thousand. We also recall you that the previous value of the indicator has an amount of 304 thousand.

Stock markets also opened in the red zone in anticipation of the performance report of the United States. Thus, DJIA lost about 0.35%, while the S & P500 - a little more than 0.20%.

A little later, at 23-00 UT there’s expected ECB President M.Dragi’s performance.

In currency markets, there is a weakening of the dollar observed. For example, EUR / USD is restored to the resistance at 1.2950 once again. The currency pair GBP / USD grew to around 1.6250 - this is the upper limit of the Ichimoku cloud, which can somehow cool bullish players. USD / CHF has dropped to 0.9340 support area. However,USD / JPY pair dropped to morning lows of 106.65 after the new extremum of 107.15.

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