Nov. 28: American session
The EUR/USD pair entrenched above 1.3560 level today, however, the recovery is hard enough . Bullish tones were supported by statistical data from Germany, where an inflation accelerating rate 1.3 % in November against October's 1.2 %. This led to the renewal of yesterday extremum: a new high formed at around 1.3617. By the beginning of the American session, the pair has been corrected to the next level at 1.3600 figure. Now the bulls are trying to resume the attack. Be reminded that in the United States there is a holiday today - Thanksgiving Day. Nothing can hold back GBP/USD pair. M.Karni announced today that the Bank of England will complete a program of mortgage lending stimulation in order to prevent threats to financial stability in the country because of the negative trends in the housing market. Thanks to these statements, GBP/USD currency pair jumped to new levels and is now trading above the two-year high, around the 1.6350 level.
Franc strengthened against the dollar on positive news from Switzerland. The country's GDP grew in the quarterly and year-on sections . USD/CHF has dropped again to yesterday's lows, consolidating in the mark of 0.9060 at the moment. There is a fairly strong resistance that bears can be used to start new sales.
USD/JPY has formed a new high today , jumped to around 102.37 , but continue further recovery it interferes 102.30 resistance . While the market moves below this level will be maintained high probability of corrective decline before the next wave of purchases.
Currency pair AUD/USD slightly adjusted for today, but in the U.S. session the market once again dominated by sellers. The pair fell below 0.9100 figure. There is a strong tendency to short-term sales. New Zealander updated yesterday's lows. Currency pair NZD/USD is being traded at the new extremes, near 0.8110 level. The next support level is at 0.8075 mark.
Canadian dollar remains under pressure. Today's Balance of Payments Statistics Canada was surprisingly negative: increase in the deficit takes place to 15.5 billion Canadian dollars against the forecast of 14.4 billion currency pair USD/CAD consolidates until the upper border of the lateral band, under the figure of 1.0600. In the near future the range of break up is quite possible.
Tatiana Norkina , FBS analyst