Apr.23: American session
Tatiana Norkina, an analyst in FBS
Unexpectedly low levels of manufacturing activity PMI index in the United States ( 55.4 instead of 56.0 forecast ) have stopped the recovery of the U.S. dollar from the level of 79.80. Now the U.S. dollar index is losing about 0.15 %. Also U.S. stock indexes entered the red zone after the disappointing data on new home sales for the last month (384 thousand instead of the expected 450 thousand). S & P500 - 0.10%, DJIA - 0.06%.
In currency markets, there is a long-awaited recovery. The EUR/USD jumped today to around 1.3850 after the publication of strong European PMI, and then corrected to 1.3825 support. Currency pair GBP/USD was not kept on supporting 1.6820. The breakdown level led to massive sales of the pair and depreciated to 1.6770.
Currency pair USD/CHF has adjusted to the level of 0.8810, where, obviously, strong support takes place. Bulls try to redeem and restore pair. USD/JPY also could not resist a mark of 102.60, which led to the collapse of the course to 102.15. The pair is currently recovering around 102.35