February 11: American Session
Today's speech Janet Yellen somewhat weakened the U.S. dollar index , which continued to decline and is currently losing about 0.12 %. New Fed Chairman confirmed the decline in unemployment , but the value is still quite high. She also noted that inflation persists in the region of 1 % , while the Fed's goal is to bring it into 2%. At the same time , stocks rose : S & P500 gaining 0.40 % , the Dow Jones index rising 0.44% . European indices also end the day in the green zone . The EUR / USD immediately after the speech D.Yellen jumped to around 1.3660 to 1.3630 today's low . It may be renewed short-term bullish trend. GBP / USD pair is returned to the current maximum of 1.6470 which was adjusted to 1.6430 area .
Currency pair USD / CHF resumed decline after reaching a session high of 0.8975 and is currently trading just below 0.8950 . American strengthened today against the yen . Recall that Japan celebrates national holiday . USD / JPY pair is testing the resistance of 102.60 , which does not lend itself to the bulls since yesterday.
Commodity currencies clearly hold upward trend . The AUD / USD storms height near 0.9030, NZD / USD is approaching the 0.8330 mark .
Tatiana Norkina , an analyst at FBS