Dec. 19: American session
Despite the rather negative statistics from the U.S., EUR/USD is in no hurry to be corrected, trading at a session low of 1.3650. According to the report of the Ministry of Labor, claims for unemployment benefits rose to 379 thousand, while analysts forecast a decline to 334 thousand. Last week the figure was at 369 thousand. Note that the 1.3650 stands as support for now, where today's low takes place. It is quite possible that bulls will still make an attempt to increase the figure of 1.3700 later. GBP/USD is also not in a hurry to recover. Buyers were pressed by today’s mixed data on retail sales, which increased on a monthly basis, but shows a negative trend in the annual one. Currency pair fell to 1.6335 support. There is a possibility of bounce up in the near future.
Currency pair USD/CHF is setting new highs, trading in the U.S. session high at 0.8975. Mood of market participants is quite positive but overbought market can play a cruel joke with customers. USD/JPY is consolidating yesterday's highs at 104.30 ahead of tomorrow's Bank of Japan press conference. Analysts predict that the parameters of monetary policy of the bank stay unchanged.
AUD/USD traded sideways range today. The Bears were unable to break down 0.8835 support; currency pair rebounded from it to 0.8850. Pair NZD/USD, on the contrary, is trading at a significant minus. Day and session low were formed on the strong support level 0.8150, where a consolidation takes place at the moment.
USD/CAD pair today met with resistance in the mark of 1.0725, rebounding from which became adjusted. Short selling of the currency pair led to corrective decline to the level of 1.0680. But a positive attitude of bulls is still in force. Nearest strong support level is at 15 pips below the current levels.
Tatiana Norkina, FBS analyst